After losing their home in the Los Angeles wildfires, Jessica and Matt Conkle expected their insurance policy to help them rebuild. Instead, they found themselves trapped in delays, lowball offers, and endless adjuster changes — a struggle now shared by thousands across California. Their experience highlights a nationwide problem: insurers pulling back from climate‑risk areas, soaring premiums, shrinking coverage, and regulators under fire. For professionals in real estate, mortgage, and insurance, this growing instability is reshaping transactions, lending, risk assessment, and the future of homeownership in America.