Climate Change Drives New California Plans To Rescue Insurance System

California leaders are citing the crushing impacts of climate change to help justify a sweeping plan to overhaul and improve the state’s crumbling property insurance market, with Gov. Gavin Newsom (D) issuing an executive order and the state’s insurance commissioner laying out a multi-pronged strategy aimed at long-term market stability. “This is yet another example of how climate change is directly threatening our communities and livelihoods. It is critical that California’s insurance market works to protect homes and businesses in...