re: When does our state bribe to insurance companies kick in?

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I don't know how it impacts other states, but I recently saw where both Stare Farm and Allstate have announced they will no longer insure new homes, condos, or businesses in the state of California.

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No impact on other states. It's not just homes. Alot of companies are not insuring autos in Cali as well. Insurance companies are reporting record underwriting loss every quarter and as mentioned previously the cost for reinsure has increased significantly which is why we are continuing to rates increasing. California government is not approving rate increases so the companies are not taking on much new risk. Those that are, are requiring polices to be paid in full and UW guidlines are super strict. Renewals are also being required full pay. The covid effect is hitting hard as there is a labor shortage so labor prices have gone up to try and attract workers. Repairs are taking longer because vehicles have more parts to replace than years ago. Electrical components are expense require special techs and equipment to repair/replace. Longer repair times mean more storage and/or rental fees.

On the homeowners side a lot of the same can be said about labor and material shortages and companies are trying to price you out if your policy because they just don't want the exposure unless you really want to pay for it.