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re: And it's only getting worse, multiple carriers left La on 1-1-2024
Posted on 2/3/24 at 8:21 pm to jmarto1
Posted on 2/3/24 at 8:21 pm to jmarto1
quote:
How is it a bunch of messageboard posters see the housing crisis brewing and the government just keeps doing what they always do?
Short of direct subsidization of the industry, what’s the solution? Serious question.
I have no love lost for insurers, but I expect them to be allowed to turn a profit too.
It’s always going to be risk + profit margin, meaning unless you change the risk costs, you’re fricked.
2
Posted on 2/3/24 at 8:35 pm to slackster
I definitely do not claim to have an answer. I just have zero faith it is a priority of our elected elite
Posted on 2/5/24 at 1:36 pm to slackster
quote:I would add + capital markets conditions. Right now, insurance capital markets are bad. I'm sure money will start flowing back in at some point, but until it is, if they can't re-insure, they're not going to offer attractive product.
It’s always going to be risk + profit margin
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