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Insurance companies in California by law cannot use future predictions to set rates today. If they think there is a higher risk of fire losses in the future the
by MrMember 2y ago
Insurance companies in California by law cannot use future predictions to set rates today. If they think there is a higher risk of fire losses in the future there's nothing they can do about it.
- s1artibartfast 2y ago>If they think there is a higher risk of fire losses in the future there's nothing they can do about it. They can stop issuing new insurance policies if they think they will be unprofitable. I also know a few people who have had their policy "accidentally" cancelled, and then they can not get a new one with that company.