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Officials including Governor Gavin Newsom are working to stabilize the state’s insurance market. In an attempt to keep insurers in California, the state will allow insurance companies to consider climate change when setting prices.
Uber introduced a new age requirement for its California drivers on Thursday in response to rising commercial and auto insurance rates. The company said that moving forward, it will only allow people 25 years and older to transport passengers, but the rules won’t apply to Uber Eats delivery drivers.
Jimmy Patronis, Florida’s chief financial officer, is threatening to investigate insurance companies that leave the state. Patronis blames “wokeness” for the moves, not rampant lawsuits or climate change.