The issue is particularly acute in California, where some major insurance companies have stopped writing new policies altogether or are refusing to renew existing ones."
https://apnews.com/article/california-wildfires-home-insurance-fair-plan-b545beb6c8d287eba852f9c1b1d1e504
https://apnews.com/article/california-wildfires-home-insurance-fair-plan-b545beb6c8d287eba852f9c1b1d1e504
Comments
but the insurance companies max prices, minimize payouts. It creates a vacuum for the bank to come in and leverage the residential market to their advantage?
Or something different?