Homeowners left in the lurch after major insurance companies deem state 'essentially uninsurable': 'Too many landscapes are ready to explode'

"If you suppress rates and try to tell companies that they can only charge X, and they start losing money, eventually they are going to say: 'I'm going to be super picky at that artificially low premium,' or 'We're not going to write anybody, and will come back when things get reasonable,'" said David Russell, an insurance and finance professor at California State University, Northridge. "And that's what you've seen with State Farm."

https://www.thecooldown.com/green-business/california-insurance-problem-homeowners/

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