Originally Posted By: swalve
Originally Posted By: Tempest
Fed's bail them out from other state's tax money.
Actually, California is a net exporter of federal tax dollars. For every dollar their citizens pay in federal taxes, they only get 91 cents back.
But not when it comes to insurance money. Every time disaster hits California, my insurance rates go up, and up for everyone else in the US. Us poor ole folk that live in the boring Midwest - where we have no earthquakes, tsunamis, landslides, or hurricanes - have to prop up the insurance industry every time disaster strikes in the exciting parts of our country.