• cabb@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 months ago

    It’s largely legislative changes that have made insurance unprofitable in those states. Florida’s bad faith law and banning of international reinsurers have both hurt the industry a lot. California has had wildfires for a long time and their frequency hasn’t increased much over time.

    I left a more detailed comment elsewhere in this thread if you’re interested.