Old 09-15-2023 | 07:46 AM
  #45  
SonicFlyer
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So the rates have to be approved by the government insurance Commissioner. And it's my understanding that people who live on the coast are not allowed, per the government, to be in a different actuarial risk table than those inland. So people inland are subsidizing the cost of insuring those on the coast. I could be wrong, but I think that is also happening too, in addition to the insurance / roofing fraud.
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