California s Wildfire Insurance Catastrophe – WSJ

The politicians are blaming each other for the losses in the horrific Los Angeles wildfires, but the truth is that mother nature can be merciless. The stories about water shortages are conflicting and need more time to sort out. But it s not too soon to note that California s politicians have fueled a five-alarm insurance-market crisis that will hurt homeowners and taxpayers across the state once the fires have died out.

via www.wsj.com