Refusing to renew a policy is not the same as “cancelling” a policy.
When the regulators of Insurance in California and the pro-fish people hating government of California make it impossible for insurance companies to cover likely losses in California, the companies have to get out or lose money.
If you want to have insurance companies, they have to make money to stay in business.
I heard a story on the radio that California put a cap on what insurance companies can charge for the premiums. Based on that, the insurance companies didn’t renew because they wouldn’t be able to make a profit. Then Sacremento and the media get to blame the “greedy” insurance companies.
Correct. “cancel” is like being put on a blacklist. Can only be done because of a clause in the contract. Cannot just say “we quit you”. There has to be a reason.
Not renewing (i.e., letting expire) is almost always because of a new CaCaLand regulation OK’d by scum like Newsome.
Have you been screwed over by insurance company .
Try living in FL .
These monster are cancelling policies on homes older than 1960.
Ban them from any tune of insurance in the State .
That will fix it .