A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President-elect Trump and companies rapidly ditching DEI policies.

The California wildfires are causing an insurance crisis in the state. George W. Bush gave fellow former president Barack Obama a friendly belly tap at the Jan. 9 funeral of Jimmy Carter, and the internet was obsessed with the viral moment.

Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put