California's New Insurance Rules Aim to Tackle Coverage Crisis Amid Wildfires

California has introduced new regulations to stabilize its home insurance market by allowing insurers to use complex computer models to set rates, considering factors like climate change and fire resistance efforts. This move aims to encourage insurers to cover more homes in wildfire-prone areas, with a requirement for large insurers to insure 85% of their market share in these regions. While the insurance industry and some groups support the changes, consumer advocates express concerns about potential rate hikes and transparency issues with the models.