California Gets Harder To Insure and the NZIA Gets Smaller
Sustainability Now
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The Importance of Competition in the Insurance Business
The insurance business is all about pricing the risk. If risk is high, then insurers can charge higher premiums. But in reality, things aren't that simple because there are other factors at play. An insurer will find it priced out of the market if their policies are too expensive. And lastly, I think the third factor at play is where insurers can maximize their ROE or profits.
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