Yes, there are parts of California that are uninsurable against wildfires. Technically they could be insurable but State regulators will not allow insurance companies to raise premiums sufficient to cover the actuarial risk. The necessary premiums are prohibitively expensive for homeowners, but anything less risks bankrupting the insurance companies and increases their reinsurance costs which also must be passed on to homeowners.
This is mostly on the California government, since the high insurance premiums are a side effect of disastrous wildfire mitigation policy in California. More proactive and competent wildfire mitigation would reduce the risk and therefore make insurance premiums more reasonable.
This is mostly on the California government, since the high insurance premiums are a side effect of disastrous wildfire mitigation policy in California. More proactive and competent wildfire mitigation would reduce the risk and therefore make insurance premiums more reasonable.