I was listening to one report demonizing insurance companies for dropping residents fire insurance (which is tragic right now no question), but if you regulate what the company can charge for premiums…what do you expect?
The whole thing is just so tragic…but every time we start trying to manipulate free market dynamics, we get undesirable after effects.
Praying for the folks that are so tragically affected, and praying they get better leadership in the aftermath. 🙏🏻
Yes, they are direct victims of the state, make no mistake. Like a good neighbor, State Farm flew the coop on California recently, preferring to do business on less monopolistic lands than to patronize this perversion of price signals. I pray that mass exodus from this place is coupled with a rise in awareness of this very fact.
Spot on 🎯
I fear whatever they attempt to do to fix what their own policies actually broke will make it 10x worse in the end 🫣
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I don't think it's as intentional as all that, but I bet there is a lot more crime and deceit behind this than even the economically literate like us are aware of, however intentional it might be.
