[napscoordinator]

The state of Florida and California are having a rough time. But it will settle down. I’m a little worried about this hurricane season as they predict a doozie.

[Right_Wing_Madman]

One of California's biggest problems (and there are a lot of them) is the state constitution allows changes to its constitution with only 51 percent of a referendum vote. Constitutions should be difficult to change.

The insurance industry in California is collapsing because a referendum passed that allowed a government regulator to establish rates for private insurance. The premiums are way below market value now and companies like State Farm are just leaving.

[econjack]

When will politicians learn that the laws of Supply and Demand don’t care what they think. It’s a system of resource allocation that functions better on its own without political intervention.

[Bernard]

51% to change the state constitution. Welcome to the state of Canutefornia.

[eastexsteve]

This happened in Louisiana with auto insurance.

[cuz1961]

tou all see the tactic ?

this is a seige against low and middle class private property.

no one will be able to finance a house without insurance.

soon all the other companies will cancel policys and leave state.

then the commies wait till the current owners die .

end of private property.

am i missing something ?

[eyeamok]

Most everyone with an IQ above par golf, realized a long time ago that when the State dictates how much you can charge and then dictates how much you must PAY out in claims, was going to force them all to leave the State.

[SaxxonWoods]

I can’t get an answer to an easy statistical question from the net: “How many homes does State Farm Insurance insure in California?”

How hard can that be?

All I get is article after article about the stoppage of new insurance writing.