Insurance companies were the canary in the coal mine before the LA fires.

Insurance has been a means to spread risk for centuries.

Insurers are highly attuned to risks and more importantly, their costs.

They only decline to provide coverage when the cost seriously outweigh the risk.

That was their professional assessment for fire coverage in LA.

And yet our elected officials disregarded this natural alarm system.

Or do they just assume that the federal government will bail them out?

Link: https://www.investopedia.com/articles/08/history-of-insurance.asp