More insurance companies are fleeing the state because of the growing threat from natural disasters.

More insurance companies are fleeing the state because of the growing threat from natural disasters.

  • TheDarkKnight@lemmy.world
    2·
    1 year ago

    Most insurance companies strive to avoid excessive profits, honestly and aim for a combined ratio of something less than 5% profit. It’s a fairly competitive field, getting greedy results in losing policies and is very price reactive. Consumers can change pretty easily and do so regularly.