Birdwatch Note Rating
2025-01-09 13:09:27 UTC - NOT_HELPFUL
Rated by Participant: 54F6ACD44ABE3652ED0B797E1F382D453BEE58EF36DA1A702531A099CD335AA5
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