minus-squareJarvis2323@programming.devtoNews@lemmy.world•Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firelinkfedilinkarrow-up11·8 days agoThey are restricted. California has an insurance commissioner who has to approve any rate increases. It’s probably easier to stop insuring then to get the rates up to the profitability margin their risk models are suggesting are appropriate. linkfedilink
They are restricted. California has an insurance commissioner who has to approve any rate increases. It’s probably easier to stop insuring then to get the rates up to the profitability margin their risk models are suggesting are appropriate.