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by DaedalusII
141 days ago
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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 As a result, a lot of insurers have completely withdrawn and now its not possible to insure houses properly for many people.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-h... With no government intervention, the price of all fire insurance in California would increase materially to reflect the genuine risk of wildfire damage. |
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