Last year, property-casualty insurers paid out almost $27 billion more than they received in premiums verisk.com/newsroom/underwri…

Thank you for the sarcasm

Some state insurance regulators now require insurance companies to factor the effects of climate change into their business plans.

Pretty serious accusations. Can you cite evidence?

They are npr.org/2023/05/18/117685267…

They are bks-partners.com/2023-renewa…

Do you think other organizations would take on peoples' & businesses' risks as a non-profit enterprise?

I don't know what this means. Property-casualty insurance companies have not asked for public bailouts.

Property-casualty insurance companies have not asked any government for a bailout. Please post a link if you find a report to the contrary.

Never a bad idea to shop for another policy, even if you find out that the one you have is the best option

The property-casualty insurance industry paid almost $27 billion more in losses than it received in premiums in 2022. verisk.com/newsroom/underwri…

The property-casualty insurance industry paid out almost $27 billion more in losses in 2022 than it received in premiums. verisk.com/newsroom/underwri…

Insurance companies are regulated by state governments, not the federal government

Who would have an incentive to take on other peoples' risks if there wasn't a profit motive?

No property-casualty insurance companies have requested government bailouts. Even during the financial crisis in 2008, the insurance operation at AIG was solid - it was the investment subsidiary that almost sank it.

Sounds like you need to shop for a different policy, if insurance companies are still competing in your area.

Exactly how is Bidenomics responsible for wildfires burning down Maui & California? Those are the types of events that are impacting homeowners insurers.

Insurance exists because it is less expensive for individuals & businesses to pay someone else to assume their risks of a fire, hurricane, burglary, etc. It has existed for 100s of years and will exist for 100s more.

Not true. Insurance companies can and do go out of business when their losses exceed their reserves. A dozen companies have gone bust in Florida in just the past few years.