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Podcast: News For Reasonable People
Episode: EXPOSED: California FORCES Low-Risk Homes onto FAILING State Insurance Plan | Taxpayer Nightmare
Description: California's insurance crisis has reached absurd new levels as even LOW-RISK homeowners are being pushed onto the state's 'last resort' Fair Plan. Despite living miles from fire danger, thousands of Californians with spotless insurance histories are being abandoned by their carriers. Our analysis of CBS News data reveals the shocking truth: 10 TIMES more homes in low-risk areas are on the Fair Plan than high-risk ones! Why? Insurance companies can't make enough profit under California's restrictive regulations. Meanwhile, state leaders blame 'price gouging' while homeowners face skyrocketing premiums for less coverage. Is anyone surprised that decades of misguided policies have...