The California fires could scorch the state's broken insurance market
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."
You're viewing a single thread.
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.
Isn't that what they did Florida? At this pace, they'll run out of states to leave soon enough...
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.