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.
They won't. Ever.
California, and liberals in general, have a knee jerk response to every problem: when people complain about prices, just pass a law that won’t allow the sellers to raise prices. Problem solved. Don’t consider the solvency of the industry, or consider the possibility of the industry relocating. But when they fail or move, accuse them of racism. They don’t offer constructive solutions, but allow their constituents to embellish their status as victims. Ultimately, the victims response will be to attack the industries, as well as local governments, then capitalists, Christians and the middle class. Can we then see who is behind this thought process? Who benefits?
If government wants to lower insurance rates, there are things they can do like increase the infrastructure for public safety (i.e. proximity of fire hydrants to residences), upgrade building codes in hurricane/tornado prone areas, and aggressively enforce crimes against property to lower theft and vandalism rates and reduce the overall risks citizens are asking the insurance companies to take on.
That takes too much thought and effort on the part of our thick-skulled pols who think they can simply set rates by fiat from on high.