CA's insurance market is in a tough spot: Companies can't drop risky properties (moratorium) or raise rates enough to cover costs. Result? Major insurers are likely exit the California market entirely. 🏠🔥
Here's the feedback loop: When FAIR can't cover claims, remaining insurance companies must pay the shortfall based on their market share. As companies exit, fewer insurers shoulder a bigger burden - pushing even more to leave
I haven't seen wire fraud anywhere. It's pretty obvious he falsified business records. But that by itself is just a misdemeanor and outside the statue of limitations.
The sketchy part is the elevation to a felony.
The issue is "A person is guilty if they commit any of the acts described in the second-degree offense and their intent to defraud includes an intent to commit another crime or to aid or conceal the commission thereof."
What's that second crime?
If you ignore all the ways California is more expensive like everything costs 15% more, there is a state income tax, and houses are twice as expensive, you're right it's soo much cheaper than Texas!!
How are bootstrapping founders justifying $1,300 for microconf? Alternatively bootstrappers who found the $1300 did it pay off? #microconf
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