Will this terrible tragedy in Cal turn Cal red?

[icanhelp1]

Rates might be a little higher than the national average but repair and replacement costs are higher than the national average as well. Rates in CA have always been much higher in high risk areas (fire, mudslides, theft, etc) and they have been getting higher in recent years.

On the whole however, state insurance commissioners have kept rates artificially low. I know this to be true because I’ve been a CA suburban homeowner for 40 years and also have owned suburban houses in several other states.

Why? Because the state insurance commissioner is an elected office. Nobody likes voting for the guy that allows rate hikes, even if market forces and risk factors require higher prices.

As a result of regulatory rate suppression that results in losses to insurance companies, many of them have stopped writing new policies, canceling policies, and pulling.

So fewer insurers, less completion, and greater risk exposure for those companies that remain. Add to that a prohibition on rates based on catastrophic risk modeling and rising reinsurance premiums and you get a hot mess. FAIR, the insurer of last resort, has dramatically increased its customers and is now woefully underfunded.

CA did recently begin allowing insurers to base premiums on catastrophic risk models, but that was fairly recent. Too little too late. Experts are predicting rates to go up 20% to 40%.

All I know is that every time there's a national disaster my home owners insurance goes up. My home owners insurance has doubled in the last seven years.

 

[HisArpy]

Rates might be a little higher than the national average but repair and replacement costs are higher than the national average as well. Rates in CA have always been much higher in high risk areas (fire, mudslides, theft, etc) and they have been getting higher in recent years.

On the whole however, state insurance commissioners have kept rates artificially low. I know this to be true because I’ve been a CA suburban homeowner for 40 years and also have owned suburban houses in several other states.

Why? Because the state insurance commissioner is an elected office. Nobody likes voting for the guy that allows rate hikes, even if market forces and risk factors require higher prices.

As a result of regulatory rate suppression that results in losses to insurance companies, many of them have stopped writing new policies, canceling policies, and pulling.

So fewer insurers, less completion, and greater risk exposure for those companies that remain. Add to that a prohibition on rates based on catastrophic risk modeling and rising reinsurance premiums and you get a hot mess. FAIR, the insurer of last resort, has dramatically increased its customers and is now woefully underfunded.

CA did recently begin allowing insurers to base premiums on catastrophic risk models, but that was fairly recent. Too little too late. Experts are predicting rates to go up 20% to 40%.

THE problem with the insurance industry is 3-fold.

1. They don't have enough cash reserves to pay claims. This is because;

2. Their compensation overhead is excessive at the expense of the consumer.

3. Reduction in coverage doesn't result in an equal reduction in premiums.

Now, I don't mind a guy making bank but it seems to me that every time insurance becomes mandated, the guy making bank gets a pay raise and the customer takes it in the shorts. And the costs go up from there with no corresponding coverage protection increases.

 

[NCSWC6969]

After they find the bodies in the tunnels they will! And after Gibson and company report every last pedofile in Hollywood! NOTHING CAN STOP WHATS COMING!

 

[Chernosoth]

One thing I hope this disaster will change is that we need to stop subsidizing sprawl in fire-prone areas and accelerate the construction of high-density homes in safer locations. It's heart-breaking how much people have lost, but we can't allow them to rebuild in the same danger zones.

"Never waste a crisis." This is an excuse for bureaucrats to push high rise tenements, "the projects," for the masses and multi-acre estates for themselves and their donors.

 

[BrightShinyGirl]

"Never waste a crisis." This is an excuse for bureaucrats to push high rise tenements, "the projects," for the masses and multi-acre estates for themselves and their donors.

High-density doesn’t mean high-rises. It means replacing a single-family detached home with a four-story building that houses five families with shops on the ground floor. It’s what cities evolve toward naturally when you remove zoning restrictions.

 

[BrightShinyGirl]

After they find the bodies in the tunnels they will! And after Gibson and company report every last pedofile in Hollywood! NOTHING CAN STOP WHATS COMING!

What tunnels are you talking about?

 

[Bray123]

After they find the bodies in the tunnels they will! And after Gibson and company report every last pedofile in Hollywood! NOTHING CAN STOP WHATS COMING!

Hi, TandT69. Unwelcome back.

How long before this alt is banned?

 

[Bray123]

After they find the bodies in the tunnels they will! And after Gibson and company report every last pedofile in Hollywood! NOTHING CAN STOP WHATS COMING!

Worry about the pedophiles in Mar a Stinko before starting on Hollywood.

 

[Chernosoth]

High-density doesn’t mean high-rises. It means replacing a single-family detached home with a four-story building that houses five families with shops on the ground floor. It’s what cities evolve toward naturally when you remove zoning restrictions.

That is the practical solution that we will probably eventually see in the cities that survive, but batshit crazy SoCal government may have other ideas and see other incentives. Climate change will eventually wipe out most of the cities there, so taking some huge bribes and moving out of state may be the plan.

 

[Chernosoth]

This unstoppable battery storage fire with toxic smoke may do some of the turning against EV mandates and the Dems who push the mandates.

 

[Politruk]

After they find the bodies in the tunnels they will! And after Gibson and company report every last pedofile in Hollywood! NOTHING CAN STOP WHATS COMING!

What bodies in what tunnels?

 

[YDB95]

What tunnels are you talking about?

What bodies in what tunnels?

The people who still believe that pizza place in DC was a front for a pedophile ring also believe there's a vast network of tunnels where all the abuse is going on. I don't pretend to know if the individual posting that stuff here is a true believer or if he's making fun of them.

 

[Politruk]

The people who still believe that pizza place in DC was a front for a pedophile ring also believe there's a vast network of tunnels where all the abuse is going on. I don't pretend to know if the individual posting that stuff here is a true believer or if he's making fun of them.

What, in LA?

 

[YDB95]

What, in LA?

It's a blue area, isn't it? They think we're all a bunch of perverts (never mind that their beloved president-elect has been known to openly lust after his own daughter...)

 

[Politruk]

Hi, TandT69. Unwelcome back.

How long before this alt is banned?

Seems to have happened already.

 

[Politruk]

https://cdn.prod.dailykos.com/images/1386498/story_image/TMW2025-01-13colorXL.jpg?1736537720

 

[UltraChad]

Worry about the pedophiles in Mar a Stinko before starting on Hollywood.

There is evidence for the ones in Hollywood.

Unlike the ones you like to imagine up because you can't make a political argument for the EVIL shit you support.

 

[Bray123]

There is evidence for the ones in Hollywood.

Unlike the ones you like to imagine up because you can't make a political argument for the EVIL shit you support.

Has Con Feloneone refunded your ticket for the inogguration?

Or are you not going. You could try reading a book instead. Or, try reading this.

 

[HisArpy]

California's leadership problem has 1 source - they're all spendthrifts who are throwing the people's money away as fast as they can, while somehow getting mega rich at the same time, and hoping they're out of office when the bill finally comes due so they can point at the succeeding administration as the cause of all the problems (even if they're D's).

The LA fire is just one more Act in California Politics. It's just a corruption story that never ends.

 

[BabyBoomer50s]

One positive outcome of all this is that the state will have to spend less on fruitless efforts to fight climate change and more on preparedness for wildfires, mudslides, and droughts. The state needs to address deferred maintenance backlog and modernization of its water infrastructure.

 

[Rebel5soul]

One positive outcome of all this is that the state will have to spend less on fruitless efforts to fight climate change and more on preparedness for wildfires, mudslides, and droughts. The state needs to address deferred maintenance backlog and modernization of its water infrastructure.

One would think so but with the current leadership I have my doubts.

 

[Politruk]

There is evidence for the ones in Hollywood.

Unlike the ones you like to imagine up because you can't make a political argument for the EVIL shit you support.

See post #394.

 

[RoryN]

It's two days after the Inauguration. Therefore I am Wondering Why We Might [still] Be In Ukraine.

 

[Rightguide]

Are the fires in L.A. over yet? I see they've slipped off the news.

 

[Rebel5soul]

Nope, new fires erupting as we type.