Independent Institute Quoted ICLE on Los Angeles Wildfire Policy Failures

ICLE is quoted in the Independent Institute report on the January 2025 Los Angeles wildfires, which examines how the devastation in Altadena and Pacific Palisades was intensified by land use in the wild land urban interface, shortcomings in utility and water system preparedness, and regulatory constraints that complicate wildfire risk reduction and rebuilding. Read the full report here.

Actuarially sound rates require prices set in accordance with risk. Regulatory rate suppression refers to the difference between these rates and the rates permitted by regulators. Research by the International Center for Law & Economics reveals that California has the worst regulatory rate suppression in the nation for both home and auto insurance.