California’s Cost-Sharing Plan Could Reshape Who Pays for Climate Disasters

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Elizabeth Tosaris was featured in Insurance Business discussing California’s bold move to redefine how the costs of catastrophic climate events are shared. In the piece, Elizabeth calls Governor Newsom’s new executive order “aspirational” and “the first step toward an answer,” noting that it demonstrates the kind of leadership the insurance industry has long sought—one that fosters collaboration among insurers, utilities, and state agencies to tackle wildfire and climate-related risks. While she cautions that insurability improvements will take time, Elizabeth underscores the importance of long-term viability and interagency cooperation in building a sustainable, equitable framework for the future.

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