They won't put themselves outta business like that.
Flood insurance is already a government thing, separate from a regular h/o policy.
Insurance companies already don't write in high fire-risk areas. I imagine if it gets too bad, the government will have to supplement wildfire coverage too.
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https://finance.yahoo.com/news/uninsurable-homes-selling-cash-deep-174025933.html
Flood insurance is already a government thing, separate from a regular h/o policy.
Insurance companies already don't write in high fire-risk areas. I imagine if it gets too bad, the government will have to supplement wildfire coverage too.