re: And it's only getting worse, multiple carriers left La on 1-1-2024

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Not sure how State farm and All state can afford huge stadiums and sponsoring college football bowls with all the money they are losing

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I mean, that's very small dollars (likely $15M/year or less) compared to, you know, the actual insurance business. Also, naming rights deals were struck years ago.

Here's an article from 2022 detailing State Farm's strategic (and tactical) use of the cat bond market:

LINK

As one might imagine, those markets are much more expensive to tap now - particularly after the active weather season of 2022 AND the meltdown in the global bond markets which caused all kinds of knock on effects (in insurance and elsewhere). Here's an article explaining the basics of a so-called re-insurance "hard market":

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The previous year’s close saw intense renewal negotiations, with reinsurers demanding significant price hikes. This has led to elevated premiums and a more selective risk-taking strategy. The hard market is a scenario of high costs and limited availability, influenced by various factors, including natural disasters, geopolitical unrest, inflation, and supply chain disruptions.

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I understand you want to get your pitchfork out, but I'm not sure what else to tell you. Ultimately, property insurers simply must re-insure themselves...and if they can't, then it vastly impacts what end products to users such as you they can offer - and at what price.