lolcatnip @ lolcatnip @reddthat.com

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4,963

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2 yr. ago

FFS, no. Do you even know what insurance is? They are always on the hook to make payouts for any policies that are active, and it happens regularly. Most of the money they take in goes toward paying claims. Most of the rest of the money goes toward overhead, which includes paying actuaries to evaluate how much risk they're taking on and how much future payouts are going to cost. They determined that providing homeowners' insurance in CA would soon cost them more in payouts than the state allows them to charge in premiums, so they decided to stop doing business in CA. Nobody was scammed. Their customers all got what they paid for while they were paying for it.

So many people here are speaking as if real estate insurance companies are doing something evil by pulling out of markets where it's impossible for them to make a profit or even break even. The companies are not reneging on any obligations, just turning away customers they can't afford to insure, and people here are responding by saying things like all insurance is a scam, and the insurance companies abusing their customers to enrich their shareholders.

I get the feeling they're taking their opinions of the private health insurance market and applying them to insurance in general, and in doing so they're demonstrating a lack of understanding of what insurance is for, why it's required for certain purchases, and why people choose to do business with insurance companies even when they don't have to

Linus brought a Unix-like kernel to the masses, but he didn't invent the concept. That goes to a bunch of people at AT&T in the 1970s.

That's not how it works at all. You're thinking of health insurance. This thread is about insurers declining to renew contracts, not denying claims.

Good for you, but I like being invited to parties.

Guess what? I still use Reddit, too, because content on Lemmy is extremely scarce in comparison. Mastodon is likewise a fringe network. I've barely even heard the name Friendica so I can be certain there are approximately zero people I know there. Shopping local is great when local businesses actually put their prices and inventory online, but they rarely do.

For Xitter, BlueSky is drop-in replacement that's superior in most respects. I'm not aware of any equivants for Facebook or Amazon.

Man, this thread is reminding me that Lemmy is even worse than Reddit when it comes to being populated by people who have strong opinions about things they don't understand at all.

Tell them what? Banks should not be offering mortgages on homes that are at to much risk to be insured. People simply should not be living in areas where wildfires are a near certainty.

What you propose is illegal in California. It seems like a mildly counterproductive law, but I can't imagine it would make much difference if they were allowed to offer policies nobody can afford anyway.

This is a really dumb take. Pulling out of a market where it's impossible to even break even is not greedy or corrupt.

Is it even a slap on the wrist? Sounds like his punishment is nothing at all.

I agree, but that doesn't change the fact that restricting what people can do in their own homes has been deemed constitutional under the interstate commerce clause art least since Wickard v. Filburn.

I don't think the government has the right to control what you do in your private time on your private device.

[Laughs in War in Drugs.]

The 19th is the legal deadline.

Surely they can convicted, right?

Right?

It's a very common mistake

You're only as immortal as GRRM himself. Have you tried Brandon Sanderson? His work isn't nearly as gritty as Martin's, but his world building is top-notch, and he, um, actually writes.

That's a really big "if", especially when you consider how billionaires actively use their influence to maintain an underclass by fighting against government policies that would help lower-class people become middle-class.

They wouldn't make it that blatant. A sham election is a lot more convincing when they do something like rigging it to ensure Trump wins by razor-thin margins in every swing state.