California Won’t Let Homeowners Insurance Companies Raise Rates, so They’re Leaving the State Instead

by lurker_bee

6 comments
  1. Typically, the “Government” can get away with telling private businesses what they can and/or cannot do, but you know you have crossed a line when the business just “ups and leaves” because of government restrictions. I guess the government can provide its own insurance policies to homeowners. Might even be a blueprint for a nationalized healthcare plan.

  2. Maybe this is your opportunity to represent the public and insure their homes Newsom. The insurance industry is a racket.

  3. This is the opposite of what is happening in Florida – the insurance companies have doubled and tripled rates and are now leaving. They make a nice profit and still leave.

  4. I mean, if you’re going to live in a risky area be prepared to pay the rates. Do people really expect insurance companies to just show up and throw away money on such huge risks?

  5. What a hatchet job this article is. The second he started in on downing Newsom for investing 6.4b into mental health, I was done.

    Every time a public shooting happens? Mental health, not the guns.

    Every time a kid talks about gender dysphoria? Mental health – they’re just confused.

    So – do they want public shootings and little kids trying to radically change their bodies or is mental health just a convenient buzz word to window dress their horrible policies every time it blows up in their face?

  6. But it was ok for PG&E to raise rates due to pay outs and they were the culprits in some of the wild fires.

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