How price controls destroyed California’s housing insurance market

الإمارات العربية المتحدة أخبار أخبار

How price controls destroyed California’s housing insurance market
الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Political News and Conservative Analysis About Congress, the President, and the Federal Government

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 94%

in 2023 after State Farm, a leading insurance provider in California, announced it would no longer accept new applications in the Golden State.

By prohibiting companies from adjusting rates to account for rising reinsurance costs, lawmakers impelled private insurers to flee the market. This left many homeowners with a single option: the, a last resort state-backed program designed to provide coverage for property owners unable to secure insurance through the regular private market.

If creating a portfolio made up exclusively of high-risk customers who’d already been rejected in the regular marketplace strikes you as a dangerous idea, you’re not alone. Industry leaders warned it was a disaster in the making. in July. “The FAIR Plan is probably the fastest-growing insurance company in the state.”

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

dcexaminer /  🏆 6. in AE
 

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين



Render Time: 2025-01-21 03:29:07