Birdwatch Note Rating
2025-01-09 14:14:44 UTC - HELPFUL
Rated by Participant: AE1CB1B3F4A21CDA37A3F6695D6EB78E2E5B3827B8B0D789BC7278D3C157D53D
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