Track_Shovel@slrpnk.net to News@lemmy.worldEnglish · 2 days agoThousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firewww.cbsnews.comexternal-linkmessage-square170fedilinkarrow-up1682arrow-down110file-text
arrow-up1672arrow-down1external-linkThousands of Los Angeles homeowners were dropped by their insurers before the Palisades Firewww.cbsnews.comTrack_Shovel@slrpnk.net to News@lemmy.worldEnglish · 2 days agomessage-square170fedilinkfile-text
minus-squareJarvis2323@programming.devlinkfedilinkarrow-up11·2 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.
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.