Birdwatch Note Rating
2025-01-09 19:55:41 UTC - NOT_HELPFUL
Rated by Participant: 62853A4F7D20A71C21DC0575B28D9E6EA60A77C102A5CDD9C633F0038DD6A52F
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