Folks, in 1988 California voters made it illegal for insurance companies to charge premiums based on risk. There is no one alive in California government who can fix this. We have to repeal Prop 103 — but fair warning: Sprawl housing is not going to come out on top.
Folks, in 1988 California voters made it illegal for insurance companies to charge premiums based on risk. There is no one alive in California government who can fix this. We have to repeal Prop 103 — but fair warning: Sprawl housing is not going to come out on top.
I get the instinct of “blame the regulator” but this is very much a “blame the voters” situation. Insurance companies have to be able to recoup their losses from wildfires and floods. We made it *illegal for them to do that.* So, they’re leaving.
@mateosfo I just want to be able to buy insurance.