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> State Farm is exiting the market because CA artificially limited premiums I don't know if this is California's intention, but I think limiting premiums is mo
by sangnoir 3y ago
> State Farm is exiting the market because CA artificially limited premiums
I don't know if this is California's intention, but I think limiting premiums is more effective at discouraging homes existing in hazardous areas than high insurance where the rich would simply lay the insurance. When fires burn through inhabited areas, state agencies have to attend to them to save lives, independent of insurance premiums. This costs the state money.