Bullhockey. The truth is that they would raise rates 80,000 per cent IF THEY COULD. The difference is that I believe that free market competition is a FAR better corrective to prices than statism. You have a right to a socialist opinion, if you prefer, I suppose.
"Profits breed competition. Outrageous profits breed ruinous competition." A little ditty I learned way back when in Econ 101, when people still believed in freedom and free markets. Naive fools that we were, how could we have anticipated the Florida real estate situation (or the 70's oil boom, or the earthquakes in California, or the water demands in Phoenix, or the effects of boutique refinery production coupled with a major gulf hurricane......etc, etc, etc, ad nauseum). There is ALWAYS some extenuating set of circumstances that invalidates free market policies and is a clear reason why they "don't work."
It really gripes me to see a subculture ("conservatives") supposedly dedicated to freedom and preserving property rights lining up at the door BEGGING to be enslaved by the state. That IS what you are asking for, whether you realize it or not. Reagan taught you folks nothing, it seems.
Dreams, you have danced around the real issue here.
Please tell me what a person is supposed to do if the either cannot obtain insurance or cannot afford the premiums?
Sell? To whom? To a cash buyer who won't need the same coverage levels?
And what does one do if this problem is so widespread and common that have the community faces the same problem?