Los Angeles insurance giant makes chilling prediction after devastating fires

A California home insurance CEO said the inability to insure homes amid the ongoing wildfires burning hundreds of acres would 'completely upend the state' as it looks to rebuild.
Mike Zuckerman, CEO and president of the third-largest home insurance company in the Golden State, CSAA Insurance Group, issued an unsettling statement regarding insurance availability in California on Friday.

Zuckerman, unlike other companies who have stopped writing policies or refused to renew customers amidst the raging fires, believes that the state and its wildfires are still insurable.

'It's hard to think about the answer to that being no,' Zukerman told the San Francisco Chronicle.