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Private companies looking for profit and leaving when they notice that is not profitable is not a undesired thing. If your margins depend on you screwing your c
by braiamp 2y ago
Private companies looking for profit and leaving when they notice that is not profitable is not a undesired thing. If your margins depend on you screwing your customers, your business model shouldn't exist. California will figure something out, maybe making high density residences easier to build, would make a difference. Also, that's not exactly why they are leaving, they are leaving because the state forces them to pay the insurance if an "act of god" (systemic risk, like a wildfire) happens.
- daedrdev 2y agoThe risk of fire has clearly massively increased thanks to climate change. California's rules literally dont allow them to charge prices that account for this. California has an insurance plan of last resort that is now billions underwater, which is a clear sign of the issues at play. Its not that these insurance companies are screwing their customers; rather at the rates that California requires they charge, these houses should not exist because they are a net negative to society unless their insurance costs more. I agree on the dense housing. So many of these burns are in areas that we shouldn't have built.