Part 2/9:
Zuckerman emphasized the urgent need to adjust insurance prices to reflect increased wildfire risks. He explained that this does not mean wildfires are uninsurable, but rather that insurance companies require the flexibility to adjust premiums in response to heightened risks to remain viable in the market. While CSAA has implemented a modest 6.9% increase in home insurance rates this year, competitors like Allstate and State Farm have resorted to even more drastic measures, including double-digit hikes in premiums and exiting the California market altogether.