Birdwatch Note Rating
2025-01-09 15:34:30 UTC - HELPFUL
Rated by Participant: 3CC9B4A8B04C7C20C000090C267B504216742AF6925947B9EAD39AC75760F534
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
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