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253

Yeah, like that is going to matter at all other than making insurance MORE unaffordable.

Archive: https://archive.today/FAbDA

From the post:

>Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state regulation announced Monday. The rule will require home insurers to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in a statement. Insurers will have to start increasing their coverage by 5% every two years until they hit the equivalent of 85% of their market share. That means if an insurer writes 20 out of every 100 state policies, they'd need to write 17 in a high-risk area, Lara's office said.

Yeah, like that is going to matter at all other than making insurance MORE unaffordable. Archive: https://archive.today/FAbDA From the post: >>Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state regulation announced Monday. The rule will require home insurers to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in a statement. Insurers will have to start increasing their coverage by 5% every two years until they hit the equivalent of 85% of their market share. That means if an insurer writes 20 out of every 100 state policies, they'd need to write 17 in a high-risk area, Lara's office said.

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[–] • 1 pt

This will end exactly as expected.

[–] • 1 pt

No one will have insurance, all of the houses will burn down, the government will then buy all of the land for pennies that will then somehow be transferred into some company that is owned by politicians which then will make BILLIONS in re-developing/selling/renting the land.. etc.

[–] • 1 pt

It's like you have magic powers. How could you possibly have guessed?

[–] • 1 pt

Apparently I am one of those people that can predict the future.

Only, I use data and critical thinking. Not just vague statements that can easily be molded to be "correct" in nearly any situation.

[–] • 1 pt

The only thing that you missed in your post was the fact that the buyers/renters will all be illegals who are actually funded by the government.

[–] • 1 pt

Good point. They will use that to further scam the tax payer out of more money by "renting" to illegals which the government will pay for.. with our taxes.