...or not.
Just because the EPA says it, does not make it true.
Florida is suffering a similar problem caused by different reasons.
So many people are moving to Florida and many of them want to live as close to the ocean as their finances allow.
End result is they are building on what at one point was swamp land, so when a hurricane hits which is inevitable in Florida, it tears up many more homes than 50 years ago.
The property insurance rates in Florida have skyrocketed and a couple of companies have left.
He's wrong. The real issue is not the frequency of the wildfires, but the cost of the housing. Replacing a $60K house is one thing, but housing in California averages over $700K.
Just more of the left enjoying the left nothing to see here move on.
This is nuts. Insurance is a risk analysis industry. Surely there must be premiums that can be set to factor in the variables. There is something else at work here and it is likely the globalist plan to drive home ownership into the ground. The world architects want everyone living in Communist style low income state housing or tents on the street.
No different than a widget-maker declaring that it will no longer manufacture widgets because of "market changes."
After all, it's not like there was something called the "Law of Supply and Demand," right?
Regards,
Good move. Doing any business in That state is too risky.
About 3 weeks ago, I noticed a podcast guy (usually covers banks and finance) openly said that a major player in California insurance would cause a ripple-effect by 1 June. In his description, it would open up various national brand insurance companies to cease California ‘protection’ by late summer.
The question is....if they cease, are there minor players willing to play the game and meet demand, or are you looking at a national crisis where Newsom has to convene a team and rethink their whole agenda.
I should also suggest here...if you were a small business guy (home-repair, lets say) with several vans and a dozen employees...can you still operate if insurance rates double or triple for commercial insurance? Or would this be enough to force you to exit the state, to survive?
Not a problem, California will just start its own insurance company and outlaw all private insurance. What could possibly go wrong?
First, almost every wildfire in California is caused by human beings, and most often by deliberate arson.
Second, the density of trees and underbrush are at record levels because California allows almost no tree thinning or preemptive controlled burns of underbrush.
That density guarantees raging uncontrollable fires in the dry summer months.
Isn’t this where the US taxpayer steps in to subsidize the rich?
Cars burn too.
Years ago I was faced with an increased insurance premium & increased deductible. This is not in Florida or California; but what should be a fairly low-risk state, but I think the insurer was trying to compensate for what they might lose in the high-risk states so that the company overall would have the same income. I can’t do this if I decide to work part-time instead of full-time. Why should I take the heat because somebody in California wants to live in a heavily forested area or a Floridian insists on living on the ocean?
State Farm pulled out of Galveston County years ago. I refuse to do business with State Farm.
It won’t be long until the State takes over. Think of it as Obamacare for Homeowners.
If you like your Home, you can keep your Home.