Insurers are aggressively paring back their business in the state, as the state's thicket of regulations has blocked insurers' ability to adequately charge for coverage in a state cursed by wildfires and earthquakes
News on the Net -- Zero Hedge, Bio and Archives--April 11, 2024
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Insurance companies across the country are using satellites, drones, manned airplanes and even high-altitude balloons to spy on properties they cover with homeowners policies -- and using the findings to drop customers, often without giving any opportunity to address alleged shortcomings.
“We’ve seen a dramatic increase across the country in reports from consumers who’ve been dropped by their insurers on the basis of an aerial image,” United Policyholders executive director Amy Bach tell the Wall Street Journal. Reasons can range from shoddy roofing to yard clutter and undeclared trampolines. ---More...
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