Life-threatening' windstorm fans fires in Southern Calaifornia as blazes burn in Los Angeles

Lol. You should stick to your dumbass baseball takes.

 

Stay safe,

Prayers sent up.

Still doesn't mean the issues weren't caused by mismanagement.

Enjoy your $750 bucks.

 

Biden tells speakers to ‘fire away!’ during LA wildfire briefing, while claiming power supply caused hydrants to run dry: ‘No pun intended’

https://nypost.com/2025/01/09/us-ne...ming-power-supply-caused-hydrants-to-run-dry/

 

Plain and simple just for you.

Mismanagement made this disaster what it is.

 

Who was in charge of developing those evacuation plans and if there were any why weren't they implemented. Mismanagement at its finest.

 

Doesn't mean the issues were caused by mismanagement. Given you have little background in fire prevention management, I think it's a stretch for you to suggest at this stage this was a contributing factor.

 

link will work for everyone

https://www.wsj.com/opinion/califor...1?st=QhwZbs&reflink=desktopwebshare_permalink

California’s Wildfire Insurance Catastrophe
The state has refused to let insurers do proper pricing for risk. Homeowners and taxpayers will pay for the mistake.
By The Editorial Board
Jan. 9, 2025 at 5:36 pm ET

The politicians are blaming each other for the losses in the horrific Los Angeles wildfires, but the truth is that mother nature can be merciless. The stories about water shortages are conflicting and need more time to sort out. But it’s not too soon to note that California’s politicians have fueled a five-alarm insurance-market crisis that will hurt homeowners and taxpayers across the state once the fires have died out.

Hurricane-force wind gusts are fanning fires across Los Angeles County, especially the Pacific Palisades and Altadena, where 2,000 structures had burned by Thursday evening, and counting. At least five people have died, and tens of thousands of buildings are at risk. California’s Southland has rarely experienced such strong winds, and the past two wet winters have produced loads of combustible vegetation that has became tinder after recent dry months.

Such conditions have created a perfect storm that could become the most expensive wildfire disaster in U.S. history. The human tragedy is paramount. But the insurance losses will be in the tens of billions of dollars or more. The damage could topple the state’s undercapitalized insurer of last resort, FAIR. Private carriers are almost certain to increase premiums, cancel policies or withdraw from California.

Insurers had already scrapped hundreds of thousands of policies and limited coverage in wildfire-prone areas. Democrats blame climate change, which has become an all-purpose excuse for any disaster-relief failure. But the real insurance problem is that state regulators have barred insurers from charging premiums that fully reflect risks and costs.

California is the only state that heretofore hasn’t allowed insurers to incorporate the cost of reinsurance in premiums. Until this year, it had also prohibited insurers from adjusting premiums by using the standard industry practice of catastrophe modeling to predict a property’s future risk. Insurers could only assess premiums based on historical losses.

As a result, insurers are paying out $1.09 in expenses and claims for every $1 they collect in premiums. This is financially unsustainable, which is why many have pared coverage in areas at high fire risk with expensive homes. State Farm dropped nearly 70% of policy holders in one Pacific Palisades neighborhood where the average home price is $3.5 million.

FAIR now covers about half a million homeowners who can’t obtain private coverage. Its exposure has ballooned to $458 billion as of last September from $153 billion four years earlier, with $5.9 billion in exposure in the Palisades. Yet it has only about $700 million cash on hand to pay claims.

That’s because state regulators have required FAIR to cover higher-priced homes while rejecting its proposals for rate increases to account for rising risk and liabilities, just as it has for private insurers. As home prices and construction costs increase, so do liabilities. Building an “affordable” housing unit in California can cost $1 million.

FAIR President Victoria Roach testified to the state Assembly last year about the insurer’s precarious finances. “As those numbers climb, our financial stability becomes more in question,” she said. “We are one event away from a large assessment. There’s no other way to say it, because we don’t have the money on hand, and we have a lot of exposure out there.”

If FAIR fails, private insurers—meaning their policy holders—are supposed to cover its claims based on their share of the market. But insurance premiums for many homeowners are set to rise 20% to 40% this year and even more in the future, and that was before the current fires. To keep carriers from fleeing the market, California insurance commissioner Ricardo Lara last month said at long last that they could use catastrophe modeling and price in their reinsurance costs.

Such reforms were needed, but he also imposed costly regulations that may still cause some insurers to retreat, especially after the Los Angeles fires. Don’t be surprised if Gov. Gavin Newsom asks Washington to help pay for multimillion-dollar homes that have gone up in smoke.

Mr. Newsom can blame climate change all he wants, but that doesn’t absolve the state from the duty to adapt to its effects if he really believes this. Unlike the fires, California’s insurance catastrophe really is the fault of the Democrats who run Sacramento.

Appeared in the January 10, 2025, print edition as 'California’s Fire Insurance Catastrophe'.


​

 

Now apply the same logic to Florida

 

Seems like some gangs are intentionally starting fires to steal from evacuated houses. I wonder if all the fires were started this way.

 

God, you are bigot.

 

Here ya go. Here's Florida

Homeowners to face huge premium jump as insurers seek 50% premium hike

Two of the state’s private insurance companies have just applied to increase premiums by over 50%.
The carriers, Castle Key and Amica have asked regulators to approve rate rises of 53% and 54% on some policies.

The hikes are being driven by a number of factors including extreme weather events.

“These are not just hurricanes,” said Paul Handerhan, the president and executive director of the Federal Association For Insurance Reform on Bay9 TV. “These are severe convective storms that we’re experiencing, like tornados and hail storms.”

“These are occurring with increasing frequency and that is being put into the rate base for consumers,” he continued

The trend in premium hikes should come as no surprise for homeowners – last year saw Florida top a Policygenius list of biggest homeowners insurance hikes.

Florida: 68% ($1,127 to $1,896)
New Mexico: 47% ($855 to $1,255)
Colorado: 46% ($1,390 to $2,031)
Idaho: 46% ($552 to $804)
Texas: 46% ($1,471 to $2,141)


https://www.insurancebusinessmag.co...-as-insurers-seek-50-premium-hike-476805.aspx

 

How the right views lack of water in L.A. right now:

Industry and agricultural take up most of California's water supply - FREEE MARKET - go businesss yah!!!!!

Not enough water left to fight fires in major cities - MISMANAGEMENT!!!! All liberals fault. Should have give more water to industry!!!!

 

The propaganda machine is hard at work tonight

 

I give this country ten years. I'm serious. We cooked. This country is dunskies.