People are still too comfortable.
They just have too much to lose.
They're not going to be able to convince the current US population to spread the costs of multi-million dollar homes while being unable to afford groceries. Not yet sure what the reaction will be though.
It's an unsolvable problem, no matter how many jeets they try to flood in.
Imagining how the current US population would be convinced to bail out insurance companies and pay for the LA multi-million dollar homes, I from-the-hip guess it would be by this process:
>don't attempt to convince--just blare a claim that insurance is backed by government the same as banks are
>go ahead and bail out insurance companies
>pivot media outlet focus to people (rightly) blaming the cost of living on pajeets
>keep importing pajeets
>follow by blaring a claim that the rising cost of living is a sign that we need *more* labor, *more* pajeets
>talk about how racist are those saying the cost of living is too high--that they don't understand the dynamic
>the conservatards will pivot to talking about "real racists" and the current cost of living of the average nigger compared to that under Obamablahblahblah...
By sad sleight of hand, the LA fires insurance topic is thus swept under an immigration topic. The original argument is lost, and the hands involved are washed of scrutiny anyway by the moral high-ground of anti-racism, as well as being shown to be busy by their having "addressed the issue; here's the dynamic." So would-be outrage simmers to a grating sigh about effectivity
@Francisco @Terry Geeze. what do you do when a single state's deliberate actions threaten most of your insurance industry, plus re-insurers.
Anyway you look at it, this is going to cost all of us money. This flows uphill to re-insurers, the insurance companies for insurance companies, and I don't see how they'll avoid charging all US insurance companies higher rates.
It really calls for federal level insurance moratoriums. If a state is so evil it extracts, across the industry for all type of insurance, $1.09 for every premium dollar, it should just be cut off from any one that operates in more than one state (Commerce Clause). No insurance company would be able to think they're clever enough to make money in the state....
OK, another thing: don't let states force insurance companies to stay by mandating they offer one line like auto insurance that's a big money loser in part because the companies have absolutely no discretion in how they operate in it. I speak here from experience in Massachusetts, it was utterly awful (and that without my friends or myself having to make any claims), my bill dropped in half when I moved to a simply sane Purple state.