The state has capped what insurers in high risk areas can charge and how they have to respond to claims

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Nov 18, 2024
5:01:18pm

WP17 King of the Kenai

It has made it an untenable market to serve for most.

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WP17

Bio page: WP17
Joined: Sep 12, 2016
Last login: Nov 18, 2024
Total posts: 10,971 (918 FO)

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Messages

Author

Time

California residents need to be prepared for more insurance increases.

JAGA97

4:50pm

Sacramento is barreling towards many hard lessons on how reality bats last. This is just one example.

cheezedawg

4:51pm

I'm not in this business, but doesn't this seem like an instance where the government should intervene? Why are those

COUGZ

4:52pm

That is what they've been doing, which is why carriers are pulling out.

marooncoug

4:54pm

See...I don't understand.

COUGZ

4:58pm

I'm sorry but that doesn't make sense. Carriers are not insuring CA customers

BleedCougarBlue2

4:58pm

The state has capped what insurers in high risk areas can charge and how they have to respond to claims

WP17

5:01pm

Insurers, like any business, exist to make money. The state sets the terms under

marooncoug

5:12pm

Eventually govt will take over as the sole insurer. Which is what some want

willkie40

4:56pm

That will be great. Takes the CA insurance Dept. 6 months right now to approve

JAGA97

5:11pm

Great. Ruin both healthcare and auto repair. I’m for DOGE. Govt - go away

Bluforever

5:37pm

lol the insurance companies are fleeing because of government intervention.

cheezedawg

4:57pm

Like I said...I don't understand. So thank you.

COUGZ

4:58pm

Insurance is highly regulated. These insurance companies have to get approvals

rainorsnow

5:02pm

Ahhh.....now THAT makes sense.

BleedCougarBlue2

4:59pm

That is the entire problem. The government needs to stay out of it!

fulano

5:07pm

SHOCKING!!!!

fulano

5:06pm

Wait until the 7.5 earthquake hits. Way overdue.

cougar95

5:14pm

Get ready for government provided insurance policies.

Mister P

5:29pm

That’s exactly what I was thinking

BYU Grounds

5:35pm

And a trillion tax dollars

Bluforever

5:36pm

It’s already here. CA created the problem-Ins Co left-now CA is the answer:

kalifi

6:00pm

I remember when Washington tried something similar to the individual health products. All providers left the state.

Rules For Thee

5:44pm

What's the difference between California and the Titanic?

Cougar Junkie

6:07pm

California is an anchor trying to drag us all down.

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