https://x.com/MorePerfectUS/status/1877767605714382914
BREAKING: California has banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the massive wildfires across the city. This ban is in place for one year.
— More Perfect Union (@MorePerfectUS) January 10, 2025
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Seems reasonable for just one year, but is still a massive L, because you're giving responsible citizens some time to get their affairs in order to leave.
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Sure it helps people, but it just adds even more justification to pull out of California if the government is just gonna start forcing you to insure risky properties
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Depends on the details I suppose, but it sounds like withdrawing insurance before renewal, which is shitty and shitty. The renewal is so-so, but they can raise rates and cover a shorter time period as long as other Cali laws don't frick them on that.
If it's insurance companies seeing it as cheaper to break contract and get sued than just pay out, govment in any state should frick them, r*pe them, and take all their shit, because they were gambling against this as much as any one of their customers were gambling for it by paying for insurance.
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the insurers who still held these policies are r-slurred anyway and deserve the L
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