That was a real case of voters voting against their individual interest (near-guaranteed higher property taxes) for their collective wellbeing (the solvency of the state)
We’re no stranger to ballot measures here, for better or worse. I think most Californians will agree with insurance reform when they realize they won’t be able to get insurance otherwise— also the fact that many people in safer areas probably would see rates decrease.
Every time I interact with them, they find a new way to break the law. The big one is that they refused to pay for covered damage to our house. After fighting it for about a year, they sent us a lowball check that was less than 25% what they owed.
Our premiums are 4-5x what neighbors with more expensive, higher risk houses pay.
It's a ballot measure that's easily defeated as no one wants to pay more for insurance, and no one wants their property values to decrease. But no one wants to face the reality either.
It's likely that as insurance companies drop out, more Californians will find themselves on the state-sponsored FAIR insurance plan, which may already be insolvent. And the state will bankrupt itself and its citizens since no one can make any hard decisions.