Geico probably determined that P & C was a loser in California. Too many uninsured (read illegals).
Hard to insure a third world country. That’s essentially what CA has allowed itself to become.
Heck, even its citizens are fleeing to Mexico City.
When that happens…you know it’s bad.
“Geico probably determined that P & C was a loser in California. Too many uninsured (read illegals).”
Not just that: California is a terrible legal and regulatory environment for insurers.
Could be the Oracle of Nebraska smells the faint smoke of a done-for real estate boom.
Things have certainly slowed down where I live & labor, but a good deal of that comes from the $10-20 million dollar get-aways all getting away.