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No, America is not uninsurable if insurers are allowed to price policies rationally, as the article eventually admits:

'The regulatory environment is also contributing to insurance flight.

In California, regulators have blocked insurers from raising rates above a certain threshold, which insurers say has prevented them from covering the costs of their policies. At an average of about $1,300 per year, home insurance rates there "have been artificially low for decades," Insurance Information Institute (III) spokesman Mark Friedlander tells Axios. "This means insurers have been writing business there for this very high risk. And they've been losing money."'