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Newsom’s plan to accelerate rate hikes ‘invites insurance companies to set their own prices,’ advocacy group contends

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VACAVILLE, CA - AUGUST 20: Sarah Hawkins, of Vacaville, and her husband Andy dig through the rubble after their home was destroyed by a fire in Vacaville, Calif., on Thursday, Aug. 20, 2020. The LNU Lightning Complex fires began in Napa and Sonoma counties and have traveled into Solano, Lake and Yolo counties while burning more than 200 square miles. (Jose Carlos Fajardo/Bay Area News Group)

California's insurance industry has melted down in the wake of massive wildfires in recent years that have cost billions of dollars in claims.


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