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California is becoming uninsurable

Today, Explained

The Tension Between the Government's Business Model and the Public Interest

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For a time now, it has seemed like the government has ignored the market and said, okay, as in the case with wildfires or floods in some part of the country, we will help. What do you think this is telling us that the government is willing to step in where companies won't? "It shows that there is again a tension between the business model and the public interest here," he says.

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