California Focus: Will insurance blackmail win out again? ...Middle East

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California Focus: Will insurance blackmail win out again?
Historically, the only effective deterrent to blackmailers is to get tough on them, fighting back and not giving in to their demands. Historically, also, California has a history of doing the opposite when it comes to insurance, letting companies that have lost money during natural disasters blackmail the state to escape risks that traditionally come with selling insurance. It appears about to happen again now, in a development that looks similar in many ways to the last successful insurance company blackmail, which took place in the 1990s. Prior to the big urban-area earthquakes that struck California in 1989 and 1994, insurance companies selling property insurance here also had to offer ea

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