Homeowners Insurance in LA

[Raymond]

Originally Posted by hadabite

I know State Farm wasn't writing last year at all during the season, May of changed now.

What you are talking about is the insurance companies ability to increase their exposure. Look at it like you would be giving someone a loan, if you had a finite amount of money and lent it all out there would be none if I wanted a loan. All are under surplus requirements issued by the state and reinsurance company rules. Insurance companies are no different than Bookies in Las Vegas, playing the odds they get to keep the money rather than pay it out in claims.