Sunshine (she/her) to

News@lemmy.worldEnglish • 4 months ago

California to require insurers to offer policies in fire-prone areas

207

California to require insurers to offer policies in fire-prone areas

Sunshine (she/her) to

News@lemmy.worldEnglish • 4 months ago

California is implementing a new regulation requiring home insurers to offer policies in fire-prone areas if they wish to stay in the state.

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lazynooblet
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5•4 months ago
That’s how insurance works.
- @fine_sandy_bottom@discuss.tchncs.de
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  1•4 months ago
  Not really.
  
  If everyone facing a similar risk pays for insurance then yes the cost of addressing that risk is shared.
  
  If someone facing additional risk pays the same price then everyone else subsidises them.

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