I do insurance work in California. A lot of carriers are changing guidelines or shutting down business in CA because the state has frozen auto rate increases. Accident rates are up, theft, vandalism and all that good stuff is higher than ever and insurance companies cannot increase their rates to offset it. I think Geico is still accepting CA customers but the extra expense of having physical locations was not worth it when massive call-centers are less expensive.
I'm not a gov employee but normally a company would pull out if it's not longterm profitable or may be losing perhaps due to regulatory insanity. A second reason though not the likely one, is that California (Newsom!) mandated corporations have to have LGBTQ board members (dictating leftist policy to the company) - a number of companies have already relocated to freer places like Texas because of that.
Another factor might be being mandated to provide insurance to illegals drivers. Guarantee money loser. Accident, illegal skips town, company left holding the bag.
Added: Aha! The huge risk from fires in Califoria. Gov Newsom NOT authorizing more water to fire-prone areas either for prevention of or for fighting acreage fires. Hence insurance having pay to pay out a lot.
I do insurance work in California. A lot of carriers are changing guidelines or shutting down business in CA because the state has frozen auto rate increases. Accident rates are up, theft, vandalism and all that good stuff is higher than ever and insurance companies cannot increase their rates to offset it. I think Geico is still accepting CA customers but the extra expense of having physical locations was not worth it when massive call-centers are less expensive.
Price controls: they have the same result, every time.
I'm not a gov employee but normally a company would pull out if it's not longterm profitable or may be losing perhaps due to regulatory insanity. A second reason though not the likely one, is that California (Newsom!) mandated corporations have to have LGBTQ board members (dictating leftist policy to the company) - a number of companies have already relocated to freer places like Texas because of that.
Another factor might be being mandated to provide insurance to illegals drivers. Guarantee money loser. Accident, illegal skips town, company left holding the bag.
Added: Aha! The huge risk from fires in Califoria. Gov Newsom NOT authorizing more water to fire-prone areas either for prevention of or for fighting acreage fires. Hence insurance having pay to pay out a lot.
U vill live wizoit zee insurance money and be happy.
send the gestapo in x(
err. i mean irs
Cascadia, San Andreas...?
Just gonna go out there, okay?
David Icke. But, yes.