A dangerous brushfire in LA California area 1/7
- Thread starter easy_b
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She looks like a Trump supporter
Damn.... I couldn't even finish watching this. That is so tragic!!
He has concepts of a plan....
She looks like his mother-in-law.
What happens when a wildfire reaches a city?
The Los Angeles wildfires show how blazes can spread in the most urban landscapes, too.
www.vox.com
From what I've read, the insurance situation is California's fault, not the insurers.
People are angry at State Farm for non-renewing policies in the Palisades, but that anger is misplaced.
California policies/regulators are standing in the way of a functioning market and costing homeowners dearly. The problem is in large part due to California's unique(ly bad) form of direct democracy.,
California passed Proposition 103 in 1988, which requires insurers to get approval from the California Department of Insurance (CDI) before changing rates, limits how much insurers can increase rates, and requires insurers to charge rates that are "reasonable for their profits and investment income."
It also allows for public participation in rate hearings, slowing things down further and making rate filings very expensive. The commissioner can reject rates deemed excessive or unfair. Insurers have decided the juice isn't worth the squeeze and have been leaving the state in droves. It's not greed - it's simple economics... it's simply not profitable to operate in many regions of the state, and the insurers can't increase their rates to make it profitable, so they leave, and homeowners are left without insurance.
We also elect our insurance commissioner... and unfortunately, we elected unqualified @ICRicardoLara (previously a state senator, no background in insurance). In his tenure, insurers haven't been able to get rate filings done in a timely fashion and haven't gotten approvals for rate increases that make sense to cover the cost of doing business.
California requires insurers to underwrite using historical data from the past 20 years (which doesn’t include housing growth in high-risk regions or increased fuel load following years of drought and poor fire suppression strategies) to determine catastrophe losses vs predictively modeled data incorporating climate change.
The 2017 and 2018 wildfire seasons were bad in California, and wiped out nearly two times the combined underwriting profits for California homeowners’ insurers for the prior 26 years… It’s acceptable to have large losses in this business but you need years of gains to offset them. California is the only state that doesn’t allow for consideration of reinsurance costs in ratemaking, and disallows forward-looking models when pricing wildfire risk.
Insurers are in the business of insuring homes and they definitely would love to serve the largest state in the country with a bunch of expensive homes. If the state let there be a functioning insurance market, people would be able to get homeowners insurance, but the state has let us down. Don't blame the insurers here, blame poor governance in California!
got the man straight on the camera jaywalking lol.
This is what they were distracting the politicians, over incarcerated the poor costing taxpayer money. Now your house is burned down and so is your business.
I was looking at some of these California insurance policies and they're like $60,000 a year. Many people are not factoring in that the insurance companies will jack these rates up even higher. Don't come to us that live in the other states and try to transfer these costs to us. I got Luigi on speed dial.
These fools in California need to suffer, that is why I let many of them, steal content for their movies because I know their feeble mindedness will eventually catch up with them.
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Here is my theory, look at all the desert cities like Phoenix and Las Vegas that surround Los Angeles. You have a hybrid climate, which gives you the false sense because you can see trees and other vegetation. Los Angeles would be better off, looking like Phoenix. Any arson, powerlines, can trigger these fires easily causing massive devastation during the drought cycle.
The white settlers showed up and built this city, thinking it is Seattle or New York. It should be a low population city or you are going to have to remove all the vegetation.
White people are the worst in history, history is something they don't like..
They can no longer lie about it due to technology...
The God fable has failed for them, you got other pastors now
They can no longer lie about it due to technology...
The God fable has failed for them, you got other pastors now
