State Insurance Commissioner Ricardo Lara proposes discouraging home building in wildfire prone areas to reduce the losses of lives and property. Insurance companies have begun pulling out of fire zones due to the high potential of catastrophic losses. In order to buy/sell homes, mortgage companies require insurance. Thus, you can see the problem, this loop is unsustainable. And, local leaders have a massive role in approving housing in new wildfire prone areas, but then face none of the consequences of making those homes uninsurable in the future. Has your home policy been impacted?

Read the New York Times article.