California is in the midst of an insurance crisis that will
its housing boom soon derail
Insurance companies are refusing to issue home owners’
policies without which getting a mortgage buyers will fail
High number of fires and high costs of materials and labor
to build new homes or damaged ones repair
At the same time premiums for auto liability insurance which
the state requires is harder and harder to bear
The Insurance Commissioner has the authority to regulate
rates but by the insurance companies held hostage
Leaving policy holders with no alternative but pay as
insurance companies’ assault on their pocket books wage
The idea of farming out insurance to the state
Is an idea we all should berate
But if you wanted to the business of insuring autos in this
state aspire
Issuing homeowners’ insurance policies the state would require
With the cost of apartments taking off like a rocket
And mobile homes a less costly alternative for seniors with
less money in their pockets
Insuring mobile homes would nip a potential growing segment
of homeless in the bud
We already have towns and cities burdened with a homeless
flood
© April 19, 2024 Michael P. Ridley aka The Alaskanpoet
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