jeffw@lemmy.worldM to

News@lemmy.world · 4 months ago

The California fires could scorch the state's broken insurance market

www.motherjones.com

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The California fires could scorch the state's broken insurance market

www.motherjones.com

jeffw@lemmy.worldM to

News@lemmy.world · 4 months ago

"It's very likely that we will see losses that exceed the existing reserves."

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BombOmOm@lemmy.world
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4 months ago
They will have to charge more. Get ready for the 10+% rate increase next year if you live in CA.
- SpaceNoodle@lemmy.world
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  4 months ago
  10% is low. Look for 50-100%, or worse.
- Feyr@lemmy.world
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  Lots of my coworkers in CA just had their insurance rates go up 300%. Expect another couple hundred

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