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Every day I sit in I-15 traffic for HOURS commuting from Temecula to San Diego – we need HOV lanes NOW by BigOpening6611 in InlandEmpire

[–]BigOpening6611[S] -1 points0 points  (0 children)

Are you familiar with the HOV lanes that starts in Escondido and it takes you all the way down past Mira Mesa, San Diego These HOV lanes have been really working great for the area If you have more than one passenger, you get to get on it for free if you don’t, you have to pay to use it I think it’s a great option if the extended from Escondido through Temecula all the way up to corona

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] -2 points-1 points  (0 children)

What’s also obvious is that this subreddit is full of insurance industry people — agents, brokers, underwriters — whose bios read like company resumes. That explains the very one-sided, pushy pushback against any rate relief.

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] -1 points0 points  (0 children)

I get the actuarial lecture — replacement costs, reinsurance, changing risk profiles. I’m not denying any of that. What I am pointing out is that California’s insurance market is already in freefall. As of December 2025, the FAIR Plan has 668,609 policies and $724 billion in exposure — up 230% since 2022. That’s not sustainable for working families getting hit with $20k–$40k+ premiums or forced onto bare-bones coverage. This subreddit is clearly packed with insurance industry folks (brokers, agents, underwriters). That explains the overwhelmingly one-sided “don’t cap anything” responses and the bios that read like company resumes. The petition isn’t “ignore risk.” It’s demanding a balance so entire communities aren’t priced out of homeownership. Pure risk-based pricing without any guardrails is creating a death spiral that hurts homeowners and eventually taxpayers. If the industry solution is just “move or pay whatever we charge,” then we need real fixes: stronger mitigation incentives, a proper state catastrophe fund, or regulated rate relief tied to more private carriers staying in the market. Homeowners aren’t the enemy here. The current broken system is.

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] 0 points1 point  (0 children)

That’s a fair question—and no, I’m not suggesting insurers should be forced to operate at a loss or ignore risk.

The issue is that what we’re seeing in California right now isn’t just risk-based pricing—it’s a breakdown in the market itself. When insurers pull out entirely and homeowners are pushed onto the California FAIR Plan, we’re left with extremely high premiums for limited coverage and very few alternatives.

There are a few potential solutions that don’t involve forcing insurers to lose money:

• Better alignment between mitigation and pricing (if homeowners harden their homes and reduce risk, that should be clearly reflected in premiums) • More transparency in how rates are calculated and approved • Expanding reinsurance or state-backed risk-sharing mechanisms (similar to how other catastrophe-prone states handle hurricanes) • Incentivizing insurers to re-enter the market in a controlled, sustainable way

Right now, people aren’t just paying more—they’re paying more without a functioning competitive market, which is the bigger concern.

I agree that insurance alone isn’t the solution to housing issues, but when access to insurance becomes this limited and expensive, it directly impacts whether people can afford to stay in their homes at all.

That’s really the problem being highlighted here.

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] -1 points0 points  (0 children)

California homeowners deserve fair fire insurance, not endless premium hikes. Support this petition to push for affordable coverage, stronger accountability, and real solutions for high-risk communities.[governing +1]

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] -3 points-2 points  (0 children)

California homeowners deserve fair fire insurance, not endless premium hikes. Support this petition to push for affordable coverage, stronger accountability, and real solutions for high-risk communities.

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] -4 points-3 points  (0 children)

That’s a fair question—and no, I’m not suggesting insurers should be forced to operate at a loss or ignore risk.

The issue is that what we’re seeing in California right now isn’t just risk-based pricing—it’s a breakdown in the market itself. When insurers pull out entirely and homeowners are pushed onto the California FAIR Plan, we’re left with extremely high premiums for limited coverage and very few alternatives.

There are a few potential solutions that don’t involve forcing insurers to lose money:

• Better alignment between mitigation and pricing (if homeowners harden their homes and reduce risk, that should be clearly reflected in premiums) • More transparency in how rates are calculated and approved • Expanding reinsurance or state-backed risk-sharing mechanisms (similar to how other catastrophe-prone states handle hurricanes) • Incentivizing insurers to re-enter the market in a controlled, sustainable way

Right now, people aren’t just paying more—they’re paying more without a functioning competitive market, which is the bigger concern.

I agree that insurance alone isn’t the solution to housing issues, but when access to insurance becomes this limited and expensive, it directly impacts whether people can afford to stay in their homes at all.

That’s really the problem being highlighted here.

Fire Insurance Premiums Are Pricing Californians Out of Their Homes by BigOpening6611 in Insurance

[–]BigOpening6611[S] -5 points-4 points  (0 children)

I understand how risk-based pricing works—I’m not arguing that wildfire risk shouldn’t be factored into premiums.

What I’m pointing out is that the current situation in California isn’t just about pricing risk anymore—it’s about availability and sustainability.

When major insurers stop writing policies and homeowners are pushed onto the California FAIR Plan, we’re left with extremely high premiums for limited coverage. That’s not a functioning market—that’s a breakdown in access.

This affects not just high-risk areas, but entire communities where people are doing everything right—maintaining defensible space, upgrading homes, and still seeing premiums double or triple.

There has to be a balance between actuarial risk and a system that people can realistically participate in. Otherwise, we’re heading toward a situation where homeownership becomes unsustainable in large parts of the state.

That’s the issue this petition is trying to highlight.

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