This US survey examines (a) California's insurance industry regulator issued statements shortly before and shortly after the recent wildfires started (on December 30, 2024, and January 9, 2025): https://www.insurance.ca.gov/0400-news/0100-press-releases/2024/release065-2024.cfm; https://www.insurance.ca.gov/0400-news/0100-press-releases/2025/release005-2025.cfm In the face of growing wildfire risks, price caps on insurance premiums have substantially reduced the viability of private property insurance markets in California; (b) A mandatory one-year moratorium on insurance non-renewals and cancellations would lead to a substantial longer-term reduction in the supply of private home insurance products and the number of households that are insured against catastrophic risk in areas of California affected by recent wildfires
Keyword: price caps
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This Finance survey examines (a) California's insurance industry regulator issued statements shortly before and shortly after the recent wildfires started (on December 30, 2024, and January 9, 2025): https://www.insurance.ca.gov/0400-news/0100-press-releases/2024/release065-2024.cfm; https://www.insurance.ca.gov/0400-news/0100-press-releases/2025/release005-2025.cfm In the face of growing wildfire risks, price caps on insurance premiums have substantially reduced the viability of private property insurance markets in California; (b) A mandatory one-year moratorium on insurance non-renewals and cancellations would lead to a substantial longer-term reduction in the supply of private home insurance products and the number of households that are insured against catastrophic risk in areas of California affected by recent wildfires.
This US survey examines: (a) Capping annual rent increases by corporate landlords at 5%, as proposed by President Biden, would make middle-income Americans substantially better off over the next ten years; (b) Capping annual rent increases at 5%, as proposed by President Biden, would substantially reduce the amount of available apartments for rent over the next ten years; (c) Capping annual rent increases at 5%, as proposed by President Biden, would substantially reduce US income inequality over the next ten years
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