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News @lemmy.world jeffw @lemmy.world 4w ago

The California fires could scorch the state's broken insurance market

www.motherjones.com The California fires could scorch the state's broken insurance market

"It's very likely that we will see losses that exceed the existing reserves."

The California fires could scorch the state's broken insurance market

10 comments

Global Warming is getting to the point where the US government will probably need to step in as insurers start going under. This is pretty fucking scary considering it's Trump and he's likely going to fuck over California home owners out of spite.

I hope those affected by the fire carefully consider global warming when choosing where and how to rebuild.
- Nope, just let every single insurance company go under.
  
  No bailouts, no assistance, just kill the entire insurance industry please.
  
  Home insurers aren't going under. They are simply going to leave California.
  
  With nothing to replace it, you're just advocating for fucking over everyone.
- With tariffs and deporting labor, I'm not sure if many will be able to afford rebuilding.
Slap some tariffs on it and I am sure it will all work out.
- +sure
  
  dropped a word
  
  Thanks!
Change it's name to "America's Warning" and maybe it will fix itself

10 comments