California E&S Insurance

I guess your post won't be popular, that you'll get more upvotes with populist BS, but it's the economic truth. * Insurance companies DON'T MAKE MONEY by getting rid of their customers. * Insurance companies make money by charging slightly more than expected insurance loss conditional on available information. * If insurance realizes a property is HIGHER RISK than it previously thought, the profit maximizing move would be to at least OFFER to insure at a higher rate. * Non-renew is more a last resort if state insurance regulation blocks a company from raising rates. * (You can also get non-renew if an insurance company is trying to reduce risk exposure, and is unwilling/unable to pay reinsurance rates in global reinsurance markets) With growing (or better recognized) wildfire risk, there's a realization that this is a problem. California has made some changes to reduce non-renews [(e.g. in theory allowing insurers to incorporate climate risk into their models](https://www.nbcnews.com/science/environment/california-allow-property-insurers-factor-climate-risks-pricing-rcna116914)), but big rate increases in at risk areas make voters mad, even if it's reflecting modern reality. Politicians often don't want to get blamed for rate increases (some may think it's easier to direct blame on insurance companies for non-renew).

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