April 18, 2013 at 7:09 pm
#788366
skeeter
Participant
I can share this based off memory. My folks live in SoCal. Insurance companies started dropping earthquake coverage. The more that dropped it, the more switched to those that continued to offer it. But then the remaining companies offering it were over-exposed. So eventually no company offered it. My recollection is the legislature stepped in and forced insurance companies to offer it. I don’t have the specifics but that’s what I recall hearing.