Birdwatch Note Rating
2025-01-10 03:17:52 UTC - HELPFUL
Rated by Participant: 82E452214455B41261932CB5A521382DF809B4E153A0E9955F7D394ABBFB60DA
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Original Note:
Insurers are not cancelling but failing to renew policies because California has price controls stopping risk from being priced accurately in the state. https://www.insurancejournal.com/news/west/2024/03/20/765883.htm Price controls are known to cause shortages. https://en.m.wikipedia.org/wiki/Price_controls
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