Why do so many California fire victims not have insurance? Because California put caps on what insurance companies can charge customers. So they pulled out. Thats just a buzzword! It's actually an artificial price control to produce a result politicians can take credit for during their re-election bid. Wait, isn't that good? It prevents price gouging, right? Because if your home is worth millions, your premium should reflect that! Your the one who benefits when you sell it. So pay your fair share while you live there! But it how is that bad? They banned small gas engines in the name of climate change, remember? Yeah Californians love equity. But why didn't homeowners pump out their pools when the water ran out?