7 Jun 2023 11:17 am
impartialobserver » 07 Jun 2023, 10:34 am » wrote: ↑ It was in response to the wildfires that have impacted NorCal the last few years. The thinking was that insurance companies could handle less profit and then it would slow the exodus of folks to NV, UT, and ID. Flawed thinking but there it is.
It's called INSURANCE for a reason. What happens if during whatever arbitrary period the government thinks the insurance companies can make "less profit" (how much less???), another MAJOR event hits and they can't pay the claims????? Not all companies are megas like Am Fam, State Farm, Nationwide....