CA has a state offered plan.
It got lots of sign-ups after State Farm’s cancelations.
What a coinkydink.
The state offered policy is far more expensive and the coverage sucks.
Sounds familiar, doesn’t it...
The cap is $3 million on the CA plan.
1,600 were canceled in Pacific Palisades by State Farm. Not sure how many found other coverage.
California’s state and local debt exceeds $1.6 trillion. California lacks the money to pay off the claims.
Recent deficits were $38 and $28 billion. California is broke