Rootless Cosmopolitan
kiwifarms.net
- Joined
- Aug 2, 2024
Wouldn't it be easier to for insurance companies to just "yeah nah, we just ain't doing business in your state lol"? Most of them are already that tilting in that direction anyway.
Yeah that’s what will happen. Everyone’s house will become worthless, cause you need insurance to get a mortgage.
The state will nationalize the insurance industry to prevent the losses and the madness will continue. With price signals removed, people will die. Furthermore, the catastrophic losses will bankrupt the state of California, leading to them to beg the Feds for a bailout. Taxes will go up etc etc