(As DaNexus approaches......do we really need insurance? - CL)
Read full text:
https://www.ericpetersautos.com/2025/01/17/the-mafias-surcharge/ | Eric Peters is a Libertarian gearhead, columnist and author. The Mafia’s Adjustments: ‘The huge costs of the historic Los Angeles fires could force a bailout of the state’s insurer of last resort, the FAIR Plan, which has just $377 million in reserves. www.ericpetersautos.com |
An interesting – in the Chinese proverb sense – nexus approaches. It is likely many homeowners will no longer be able to pay the insurance mafia – home and car and let’s not forget health. Many people have already arrived at this nexus.
The choice will be to either pay the mafia(s) – plural – or pay for groceries and gas and other necessities.
Insurance may be considered a necessity by some but that is a perception not a fact. Groceries and gas and a roof over one’s head are necessities and they will take precedence when people arrive at the nexus, which is probably just around the corner.
Or however long it takes for the mafias – plural – to send out their “adjustment” notices.
