News • 2 months ago

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

www.motherjones.com

cross-posted to:
[email protected]

84

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

www.motherjones.com

News • 2 months ago

cross-posted to:
[email protected]

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

Chat

BombOmOm
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English
9•
edit-2
2 months ago
They will have to charge more. Get ready for the 10+% rate increase next year if you live in CA.
- @SpaceNoodle
  link
  6•2 months ago
  10% is low. Look for 50-100%, or worse.
  - @[email protected]
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    fedilink
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    2•
    edit-2
    2 months ago
    my car insurance just went up 28% in CA and my rent has gone up 26% in 2 years
- @Feyr
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  2•2 months ago
  Lots of my coworkers in CA just had their insurance rates go up 300%. Expect another couple hundred

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