We’re all on the verge of subsidizing mansion payouts

We’re all on the verge of subsidizing mansion payouts

Here’s the likely outcome of the April 8 hearing set to follow the California insurance commissioner’s tentative mid-March approval of a 22 percent average rate increase for customers of State Farm General Insurance Co., this state’s largest carrier of home insurance policies: All other Californians will soon be subsidizing the rebuilding of myriad mansions burned down in the January firestorm that ravaged much of Los Angeles County. Plus a good…