alt Hacker NewsAs the governments in the US get increasingly incompetent, insurance prices are going to have to rise. Government services are largely there to protect you during black swan events, so if those services get less and less effective, you're going to need more insurance for those events.
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dfxm12 • yesterday at 3:46 PM
I don't think it is incompetence of the governments. It appears to be a goal of most US politicians to add to the coffers of private business, insurance companies included, at the expense of all but the most rich Americans.
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rattlesnakedave • yesterday at 9:17 PM
These aren’t black swan events. These are swan events, if anything.
This was the whole issue. California made it illegal for insurance companies to raise rates, so the insurance companies stop renewals. Leaving everybody uninsured. Homeowners couldn't buy insurance at any price.