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They saw the risk and withdrew: https://www.foxbusiness.com/lifestyle/california-insurance-crisis-here-carriers-have-fled-reduced-coverage-state https://www.fox

They saw the risk and withdrew: https://www.foxbusiness.com/lifestyle/california-insurance-crisis-here-carriers-have-fled-reduced-coverage-state https://www.foxbusiness.com/lifestyle/california-insurance-c... > Several insurance companies have either fled California, stopped writing new policies or otherwise reduced their exposure in the Golden State, citing business risks amid rising replacement costs and the inability to adequately raise premiums.

draw_down 2y ago
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bdavbdav 2y ago
This is madness - I get preventing huge premium jumps (although given that it’s a competitive landscape and many do jump ship between providers year on year, I suspect it is protecting largely the less financially astute), but if the upshot is that providers end up withdrawing cover, then that’s an objectively worse situation.
- deleted 2y ago
  [deleted]
- CarRamrod 2y ago
  >This is madness THIS IS CALIFORNIA!
- zinekeller 2y ago
  If they could they would probably would, but California prevents them from even choosing to do that.
  - bdavbdav 2y ago
    Yep that was my point