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Systemic Mismanagement in California’s Insurance Sector – California Globe

Summary by California Globe
Insurance is the foundation of a robust financial strategy and is vital to securing a prosperous future for California. However, recent events, notably the wildfires in Los Angeles, have exposed severe systemic issues plaguing our state’s insurance industry. These issues highlight the cracks in governmental policies that have led to this crisis. In recent years, many insurers have either exited or drastically reduced their operations in Califor…
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