As many as 2.4 million homes are at risk of losing protection in 2021 as year-long grace periods expire – though new disasters may extend their shields. In all, 18 percent of the state’s households could effectively lose protection, the largest single group since the moratorium law took effect three years ago.“We're going to pay the bill for climate change one way or the other and it's just a question of how we divvy up that cost,” said David Russell, co-director of the Center for Risk Management and Insurance at California State University, Northridge. “What California politicians are trying to do is tinker with how we do that. They're buying time, hoping they get a break.”
https://www.bnnbloomberg.ca/millions-in-fire-ravaged-california-risk-losing-home-insurance-1.1657224
Bloomberg News Wire