Birdwatch Note Rating
2025-01-09 18:51:50 UTC - HELPFUL
Rated by Participant: EDC5F8ADB8ED28AFB7B9E1B5CCBD449DA48B38BB4E6F3539E305DF3B399FACCF
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Original Note:
Insurers are not cancelling but failing to renew policies because California has price controls stopping risk from being priced accurately in the state. https://www.insurancejournal.com/news/west/2024/03/20/765883.htm Price controls are known to cause shortages. https://en.m.wikipedia.org/wiki/Price_controls
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