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They saw the risk and withdrew: https://www.foxbusiness.com/lifestyle/california-insurance-c...

> Several insurance companies have either fled California, stopped writing new policies or otherwise reduced their exposure in the Golden State, citing business risks amid rising replacement costs and the inability to adequately raise premiums.

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This is madness - I get preventing huge premium jumps (although given that it’s a competitive landscape and many do jump ship between providers year on year, I suspect it is protecting largely the less financially astute), but if the upshot is that providers end up withdrawing cover, then that’s an objectively worse situation.

>This is madness

THIS

IS

CALIFORNIA!

If they could they would probably would, but California prevents them from even choosing to do that.

Yep that was my point

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