to address the state’s sky-high gasoline prices. It’s an example of political posturing given those prices are mainly the result of policies that the governor has championed. If Newsom were serious about dealing with a policy problem, he should have called a session to address California’s insurance crisis.have stopped writing new homeowners’ policies or pulled out of the state altogether, leaving property owners with few choices and skyrocketing prices.
Whereas the gas-price matter has an obvious fix , the insurance issue is more complex and worthy of a deep dive by state leaders. Our insurance woes date back to 1988’sThe resulting price controls have limited the ability of insurers to adjust prices based on risk.
This reinforces our point. The insurance crisis isn’t simply the result of climate change, as California leaders suggest, but aThis system reduces competition. Insurance is an unquestionably complex topic, which is why it’s worthy of special legislative attention – provided lawmakers are interested in helping consumers rather than engaging in political posturing.
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