4 ms·
CalFAIR is subsidized in the sense that insurance companies are forced to pay into it. Insurers of course pass this cost on to their customers. Combined with pr
by silotis 2y ago
CalFAIR is subsidized in the sense that insurance companies are forced to pay into it. Insurers of course pass this cost on to their customers. Combined with price controls on insurance this is just taxation with extra steps.
- scoofy 2y agoThe California FAIR Plan will almost certainly be bankrupted by this event, and then will almost certainly be bailed out by the state... which will be a direct subsidy.