Birdwatch Note Rating
2025-01-09 08:26:18 UTC - HELPFUL
Rated by Participant: 30CED9F990B0C3DC37C1BAEC4874D5EF7C95AE803116AE0B069A3F95508D046D
Participant Details
Original Note:
It's not illegal to increase homeowners insurance rates in CA. Until late 2024 CA didn't approve rate filings including cost of reinsurance, despite all other states allowing them to be recovered and the Actuarial Standards Board allowing inclusion of reinsurance costs. https://www.insurancejournal.com/news/west/2024/12/30/806461.htm https://actuarialstandardsboard.org/wp-content/uploads/2014/07/asop029_056.pdf
All Note Details