In the aftermath of California’s devastating January fires, which caused more than $164 billion in losses, experts are calling for urgent reforms in wildfire insurance policies. Advocates, including Darcy L. Coleman of Alagem Capital, emphasize the need for legislation that empowers the insurance commissioner to mandate incentives for fire-hardening and community mitigation efforts. They warn that, without proactive measures to address skyrocketing premiums and inadequate coverage, homeowners are sure to face heightened financial risks when disaster strikes.