Change it's name to "America's Warning" and maybe it will fix itself
this post was submitted on 11 Jan 2025
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Global Warming is getting to the point where the US government will probably need to step in as insurers start going under. This is pretty fucking scary considering it's Trump and he's likely going to fuck over California home owners out of spite.
I hope those affected by the fire carefully consider global warming when choosing where and how to rebuild.
With tariffs and deporting labor, I'm not sure if many will be able to afford rebuilding.
Nope, just let every single insurance company go under.
No bailouts, no assistance, just kill the entire insurance industry please.
Home insurers aren't going under. They are simply going to leave California.
Nationally, large insurance companies net an average profit of 4.2 percent on insurance transactions. In California, they lose more than 6 percent.
So why do they offer insurance in California at all?
Most of them are leaving. I think the ones remaining rely on bundling with other insurance or services.
They will have to charge more. Get ready for the 10+% rate increase next year if you live in CA.
10% is low. Look for 50-100%, or worse.
Slap some tariffs on it and I am it will all work out.