alt Hacker NewsDon't worry, the California government is responding to that by making it illegal to stop offering insurance in the state. That will definitely fix the problem.
Replies
rcpt • 01/17/2025
Gotta catch up to Florida
snacksmcgee • 01/17/2025
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Don't worry, the California government is responding to that by making it illegal to stop offering insurance in the state. That will definitely fix the problem.
Gotta catch up to Florida
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Source? Many companies seem to be stopping offering insurance in the state just fine!
The most recent moves seem to be relaxing the pricing rules to allow major disaster pricing and recharging reinsurance rates in exchange for insurers offering more policies in high risk areas.