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Don't people who live in higher risk homes already pay higher premiums? Do you believe that's not the case? Or that insurers are giving them discounts? Or are
by Folcon 2y ago
Don't people who live in higher risk homes already pay higher premiums?
Do you believe that's not the case? Or that insurers are giving them discounts? Or are the risks miscalculated?
- Insthrowaway 2y agoI'm in the industry: regarding California,the answer is that they aren't paying high enough premiums. Regulators have refused to allow catastrophe modeling to set rates, so fire prone areas are effectively getting a discount.
- Folcon 2y agoAh, that was what I was missing, thank you :)...