Conditions in life can change almost overnight and the insurance industry is a good example. The industry has undergone a drastic transformation and much of this is attributed to the sharp rate increases to consumers over the past year, according to a recent article in the Wall Street Journal. Starting in 2023, millions of drivers and homeowners incurred higher costs, reduced coverage, increased deductibles and fewer insurance choice. And some insurers stopped offering coverage in natural disaster areas. According to industry sources, firms have reduced the number of homeowners policies by 35%. In particular, they have fled California in large...

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