According to the National Interagency Coordination Center, in 2023, U.S. wildfires scorched nearly 2,700,000 acres nationally and destroyed 4,312 structures — 3,060 of which were private residences. This property damage, which the National Oceanic and Atmospheric Administration estimates totaled $9 billion, puts an undue burden on the property and casualty insurance market… Some state regulators have piled more onerous regulations onto insurers… These programs are “increasingly viewed as tools for promoting economic development.” However, history shows that these “insurers of last resort” are known to lose money, putting homeowners and taxpayers at risk for covering these losses… Even more troubling are federal proposals. Despite property insurance being primarily regulated at the state level and the health of the insurance market varying significantly from state to state, some policymakers have proposed national solutions to localized problems.