Comment by qeternity
1 day ago
Which effectively means that anybody in a less risky area of California is just subsidizing those who live in the risky areas. Premia across the board will increase as a result.
Typical California redistribution...but this is from the bottom to the top.
> Which effectively means that anybody in a less risky area of California is just subsidizing those who live in the risky areas.
Do you not understand that this is precisely how insurance works?