I wonder why the insurance market is failing to provide the right incentives here? Are the gov regulators interfering in such a way that it’s still affordable to insure a house in a high risk fire zone? @blobdell
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Non-renewals of insurance are widespread, and premium rates have gone up a lot (3x in my case). CA’s FAIR program is a last resort, but coupled with the needed wraparound coverage, still results in 2x-3x increase. Problem is that these areas have CA’s last low-cost housing.
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