California E&S Insurance

>Doesn’t this just make things worse for them and encourage remaining insurers to leave? This initial plan will allow insurers to raise rates much more than they would be able to otherwise. From the link: >On Thursday, California Insurance Commissioner Ricardo Lara said the state will write new rules to **let insurers look to the future when setting their rates**. Currently insurers can only look at a a property's current condition and past history, not its climate risk, when setting rates. So it's just a matter of by how much the plan will allow them to raise rates.

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