California’s insurance crisis just got worse. State Farm wants a 30% rate hike after getting 17% approved—while insurers flee the state. PBD breaks down what this means for homeowners, why Gavin Newsom’s out of options, and how it could tank real estate.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.