If you look at weather damage costs, they have been steadily rising, and insurance companies are trying to adapt by raising rates, leaving that state, or simply going out of business.
Of course they are rising. That's simply inflation at work there. The destruction of 10 Los Angeles homes in 1975 might cost a whopping $700,000. Today those same 10 homes are going to cost the insurance companies well over $8 million dollars.
Gee, imagine that! The value of homes goes up, and the insurance rates intended to replace it when something happens rise also! Gee, what brain-dead moron does not understand how things like insurance rates actually work.
Yeah, I also remember when my car insurance was a whopping $150 a year. Back when I could actually buy a new car for less than $6,000. But guess what? That exact same make and model of car today costs over $25,000, so of course my insurance bill is much higher than it was in 1981.
And they are leaving the states that have shown they are incapable of doing their part in alleviating the risks associated with their having to pay out for losses. Case in point, look no farther than California. Which has has seen tens of thousands of homes lost due to the state's mismanagement of resources in the last decade (both natural and infrastructure resources).
Case in point, look no farther than the Santa Ynez Reservoir. 117 million gallons to be used to help put out fires around Pacific Pallisades. This was drained because the
absolutely not required cover was ripped, so there was no water available to put out the fires in 2025.
Well, here we are now in 2026. We are already seeing fires breaking out in the area,
and the Santa Ynez Reservoir is still empty. When you have states taking no responsibility in doing their share in reducing the risks, of course companies are going to bail.
The almost endless fires I was having to be evacuated for were a major factor in my finally leaving California for good. And that was entirely due to poor management by the state.
