“In a business where some level of loss is written in, the last two years have blown a hole in P&Ls and caused an industry-wide panic. Politicians are faced with an uncomfortable choice – let for-profit insurers gouge their customers by hiking rates double digits each year, or have swaths of their citizens unable to obtain insurance at all. A few states are trying to lure insurers back by shielding them from legal liability, but that’s a band-aid on a shotgun wound”
https://newsletter.scammerdarkly.com/archive/risky-business/