California E&S Insurance

Before we rush into abandoning insurance altogether, or slathering regulations on top of it, I think it'd be worth the effort to dig down to what's driving the cost of insurance up. I don't pretend to have any special insight here, but I can speculate about a few things: 1) inflation in general (thanks to both Trump and Biden for all that helicopter money...) 2) cost of labor and materials skyrocketing - the shortage in the trades is a big one (in large part thanks to the "everyone should go to college" push) 3) people using insurance to pay for things they should have been saving up for (ROOFS!*) 4) government policy and/or other factors that increase risk (forest mismanagement in California, power lines in HI) 5) increased profit-taking in the insurance industry? 6) houses getting bigger and fancier over time * Hundreds of homes in our neighborhood (Chicago suburb) have had their roofs replaced in the last two years, paid for by insurance.  There have been some really big hailstorms (golf-ball-sized and larger) in our area during that time, but in our neighborhood , we haven't seen anything larger than about 0.75".  Every summer, we get a dozen visits by roofing companies, looking to cash in on the lastest thunderstorm.  Since our roof is now 18 years old, and we'd prefer not to pay out-of-pocket to replace it, we're considering filing a claim, but whenever we have a roofer look at it, the result is "a few minor dings, but other than that, it's in great shape.  Just normal wear and tear."  Somehow, our three-tab, builder-grade shingles are holding up.

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