The clearest example is the state of California preventing insurance companies from increasing annual premium when risks increase. Please understand I have no p

The clearest example is the state of California preventing insurance companies from increasing annual premium when risks increase. Please understand I have no political opinion about this. As a result, a lot of insurers have completely withdrawn and now its not possible to insure houses properly for many people. https://www.theguardian.com/us-news/2023/may/27/state-farm-home-insurance-california-wildfires https://www.theguardian.com/us-news/2023/may/27/state-farm-h... With no government intervention, the price of all fire insurance in California would increase materially to reflect the genuine risk of wildfire damage.