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This is exactly the case. The commission won't let companies take adequate rate, so most companies are unable to make a profit in the state and are pulling out.
by 2020aj 3y ago
This is exactly the case. The commission won't let companies take adequate rate, so most companies are unable to make a profit in the state and are pulling out. Doesn't make sense to stay in a market where you're forced to lose money most years.
(I work in pricing for a large insurer)
- MichaelZuo 3y agoMarket forces always win in the long run.