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A comment on The Case for Letting Malibu Burn (1995). Parent comment

Re:The Case for Letting Malibu Burn (1995) by silotis on Sunday January 12, 2025 @03:51PM (#42676819)
CalFAIR is subsidized in the sense that insurance companies are forced to pay into it. Insurers of course pass this cost on to their customers. Combined with price controls on insurance this is just taxation with extra steps.
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Re:The Case for Letting Malibu Burn (1995) by scoofy on Monday January 13, 2025 @04:13AM (#42681525)
The California FAIR Plan will almost certainly be bankrupted by this event, and then will almost certainly be bailed out by the state... which will be a direct subsidy.
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