Posted on 12/19/2024 3:33:23 PM PST by vespa300
Another major insurer is pulling back on its offerings in California, forcing tens of thousands of customers to find other options.
SafeCo, a subsidiary of California’s fourth-largest home insurer, Liberty Mutual, has announced that it will stop offering policies for new rental and condo customers on January 1, 2025. Existing customers will be able to keep their current policies until 2026.
(Excerpt) Read more at ktla.com ...
California Insurance Commissioner Ricardo Lara has introduced a strategy to stabilize the market, including efforts to encourage insurers to stay by addressing climate risks and promoting sustainable practices. A proposal would permit insurers to use computer models to predict future risks when setting premiums while mandating that they provide coverage in high-risk areas proportional to their market share.
Only don’t pay for what you need…
Ricardo Lara is a complete incompetent who has managed to avoid talking to the press for months. They need to find out if he is even showing up for work.
His main qualification for public office in California appears to be that he is a maricón, a gay Mexican.
California Insurance Commissioner Ricardo Lara
https://en.wikipedia.org/wiki/Ricardo_Lara
On March 21, 2017, Lara announced he was running for California Insurance Commissioner in 2018.
“I’m running to be California’s next state insurance commissioner because I believe at my core that California needs a strong defender, and a counterpuncher, who will stand up to fight our bullying President, Donald Trump, and his increasingly reckless federal government on issues from healthcare access to economic security and more,” Lara said in a statement.[21]
It’s happening because of earthquakes, not “climate risks” Commish doofus.....
Have friend NE of Sacramento—HER home owners insurance is OVER $10,000 a year. She lives within 40 miles of the ranch she was born on. She says SHE CANNOT retire and stay there.
Also fires.
When I was a math major at a major university, Insurance companies came around to recruit us.
We are trained in Statistics.
But that is what it is all about,
Odds of payouts verses income.
I personally would never build a home in an
area know to burn up every few years
unless I took significant precautions.
Insurance is for exceptional events, not
predictable ones.
I am 71 and my wife is 69. We live outside of Houston, TX. out property taxes are under $400/YEAR.
We live in a very modest 1500 sf townhouse with $1,000/year in HOA fees.
The other issue is EQ.
The, on top of those issues, add an idiot run gubmint who has zero clue about business.
Back when I was teaching in Mexico, the word was “mariposo” (male form of mariposa, or butterfly). Which is mildly amusing.
That’s probably a difference between Mexican español and what the pochos of SoCal say.
The mexicanos at work came from different parts of Mexico and they would argue over what the proper word was all the time.
All that I remember is that guajolote and pavo both mean turkey.
California homeowner’s insurance doesn’t cover earthquakes.
We have to buy separate policies through the California Earthquake Authority.
https://www.earthquakeauthority.com/
Could be regional. I was on the Yucatan. It’s very different there. I loved it!
Speaking of turkey, what’s with this idiocy of calling Turkey Türkiye. So silly and affected. Do we call Germany Deutschland or Sweden Sverige?
From CEA's webpage,
""By January of 1995, companies representing 93 percent of the California homeowners insurance market had either restricted or stopped writing homeowners policies altogether, sending the California housing market into a tailspin..."
Guajolote is derived from the Aztec dialect. It sounds something like “wo-ho-low-tay”. Pavo is more mainstream Spanish.
Ah. Aztec. That makes sense. On the Yucatan, we had Mayan words and words borrowed from Mayan.
I would sometimes read kiddie story books in English to the children in my town. They always begged for “Mrs. Wishy Washy”. Well, no wonder. The Mayan word for “urinate” sounds like “wish”. Onomatopoeia rules! Lots of giggles.
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