(FOX40.COM) — Five property insurance companies that left the state are back, according to the California Department of Finance.

Many insurance companies decided to cancel their policies and leave the state because they were worried about fire risks and financial losses.

The five insurance companies CSAA Insurance Group, Mercury Insurance, California Casualty, Pacific Specialty and USAA are making their return, thanks to several new reforms introduced by insurance commissioner Ricardo Lara.

Gov. Gavin Newsom spoke about the insurance crisis earlier on Wednesday and said the following statement.

"I think this issue, I really believe this, from a global perspective, may be one of the most pressing global issues as it relates to the issues of climate change: the inability to purchase a ho

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