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   Torparskytt 🏴‍☠️ (torparskytt@mastodon.nu)'s status on Friday, 31-Jan-2025 00:41:25 JST Torparskytt 🏴‍☠️

   in reply to

   In 1988, California passed a law that forced insurance prices down by 20 percent, banned providers from using forecasts of future risk to set prices, and subjected all future price increases to government oversight. 𝗪𝗶𝘁𝗵 𝗿𝗮𝘁𝗲𝘀 𝘀𝗲𝘃𝗲𝗿𝗲𝗹𝘆 𝗱𝗲𝗰𝗼𝘂𝗽𝗹𝗲𝗱 𝗳𝗿𝗼𝗺 𝗿𝗶𝘀𝗸, 𝘁𝗵𝗲 𝘀𝘁𝗮𝘁𝗲 𝘀𝗮𝘄 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝘃𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗶𝗻 𝘀𝗼𝗺𝗲 𝘃𝗲𝗿𝘆 𝗳𝗶𝗿𝗲-𝗽𝗿𝗼𝗻𝗲 𝗮𝗿𝗲𝗮𝘀.”

   https://mises.org/mises-wire/no-climate-change-not-causing-californias-insurance-crisis (2/2)

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     Torparskytt 🏴‍☠️ (torparskytt@mastodon.nu)'s status on Friday, 31-Jan-2025 00:41:26 JST Torparskytt 🏴‍☠️

     The price mechanism 🥰 #CaliforniaFires #economics

     ”High insurance prices are how the market both signals that an area is a risky place to live […] When governments mess with insurance prices—either through subsidies, cheap public insurance, or price controls—the result is always the same. More people move to dangerous areas that are highly susceptible to natural disasters. (1/2)

     Inscius repeated this.