The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to renew policies based on risk. New data indicates non-renewal rates are being driven by an increase in climate-related weather disasters,

California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires threaten to make the problem worse.

The so-called “fire carveouts" have made national headlines, prompting homeowners across the country to examine their own policies.