@jeffw@lemmy.worldM to

News@lemmy.world • 3 months ago

The California fires could scorch the state's broken insurance market

www.motherjones.com

84

The California fires could scorch the state's broken insurance market

www.motherjones.com

@jeffw@lemmy.worldM to

News@lemmy.world • 3 months ago

"It's very likely that we will see losses that exceed the existing reserves."

Chat

BombOmOm
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3 months ago
They will have to charge more. Get ready for the 10+% rate increase next year if you live in CA.
- @SpaceNoodle@lemmy.world
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  6•3 months ago
  10% is low. Look for 50-100%, or worse.
  - @HootinNHollerin@lemmy.dbzer0.com
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    3 months ago
    my car insurance just went up 28% in CA and my rent has gone up 26% in 2 years
- @Feyr@lemmy.world
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  2•3 months ago
  Lots of my coworkers in CA just had their insurance rates go up 300%. Expect another couple hundred

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