patrick.net

all insurance is a fucking scam and needs to go away. shit just made everything more expensive.

California Insurance Crisis: Homeowners Getting Insured Right Out of Their Homes

Blame decades of bad California politics

By Katy Grimes, September 17, 2024

... The Globe recently spoke with a couple who shared that the condominium complex in which they reside lost its insurance coverage. “They told our HOA that they just don’t want to insure us anymore,” the husband said.

This is a very nice condominium building.

Consequently, the HOA had to scramble to find new insurance. But the new insurance will cost each of the condo owners an additional $10,000 a year in HOA costs.

“Who can afford an additional $10,000 payment to already high HOA dues?” the husband asked. ...

In June, former State Senator Ted Gaines reported on the insurance crisis for the Globe, in “The Time for Action on Insurance Crisis is Now: Insurance lubricates the entire economy; the current system is broken.”

“Californians need bold and immediate action from the Governor Gavin Newsom and Insurance Commissioner Ricardo Lara to help attract insurers back to the state, create a robust market, and give consumers more options for fire insurance coverage,” Gaines said.

He explained that “rate increase applications are languishing in the Department of Insurance (DOI) for up to two years. Instead of losing money while waiting for rate increases, insurers are pulling out of the state with astonishing speed. It’s likely that everyone reading this knows someone who has been non-renewed by an insurer and unable to find the needed fire insurance required by lenders.” ...

We always knew California’s leftist political policies would catch up to the people paying the bills. But no one expected just how high the bills would be. Or how devastating the costs and cancellations would be. Or how the repercussions would hit every industry in the state. Or how so many business owners would pick up and leave California. Or how many employees would leave the state.

Oh wait – yes we did. We’ve been warning about this since Jerry Brown was reelected as governor in 2011, and finished the state off that he started to destroy in his first term, 1975-1983. We’ve been warning that if Gavin Newsom was elected he would be worse than Jerry Brown. We warned that electing Ricardo Lara to Insurance Commissioner – who has never run a business or even signed the front of a paycheck – would be a disaster…

And here we are – your homeowners insurance has just been cancelled. Will you be forced to dump your single family home?

Now you know how it happened, and even who is to blame, but there will be no indictments.

The real blame falls on California voters; when will the California voter stop supporting dreadful policy makers? When will voters acknowledge that voting for today’s radical Democrats only leads to crisis after crisis?

Nothing will change for Californians until voters rid the state of the Democrat supermajority who wield the power that only harms the people.