Why does the United States have a family insurance crisis?

This month, historically destructive mountain fires hit Southern California, destroying more than 16,000 structures, and insurance companies are facing $ 40 billion. The disaster will already worsen the situation in the California insurance market after multiple housing insurance companies restrict their underwriting or withdraw from the state. Currently, California is participating in the growing states, including Florida, Louisiana, and Texas facing the shrinking housing insurance company pool.