State Farm canceled 70% of its fire insurance coverage in Pacific Palisades last July

[Woodznutz]

Thats the good news

But a lot of other california Americans are bring hurt too

It would be better for the nation if the fires had been contained early

That's the whole story in a nutshell.

 

[Zincwarrior]

Is it political though, or is it just common sense? There are definitely fire mitigation techniques that Californians don't have the political will to adopt.

We can't force them to adopt them...but just like the insurance companies, the taxpayers in the rest of the country can choose to mitigate THEIR risk by mandating certain policies as a condition of underwriting the rebuilding.

The government can make the same argument about hurricanes and tornadoes. After all, permitting houses along the coast in the first place puts them at risk. Would you want Nancy Pelosi determining if Florida should getmoney?

 

[Cellblock2429]

If you make aid political it won't matter.

/-----/ Insurance companies don't give a rat's ass about politics. They are going after gross incompetence. But you already knew that.

 

[MisterBeale]

.

 

[Missourian]

The government can make the same argument about hurricanes and tornadoes. After all, permitting houses along the coast in the first place puts them at risk.

They do. Florida has the 50/50 rule. If your loss is greater than 50% of the value of your home, the property must be demolished and rebuilt to current code which includes raising the foundation 14 feet above sea level.

Yeah...that sucks...but it mitigates future losses. Plus it incentivises loss prevention planning.

Would you want Nancy Pelosi determining if Florida should get money?

I didn't want Nancy Pelosi to determine the future course of national healthcare. Did me not wanting it change anything?

Either the provisions make sense or they don't.

If there's a option for mitigating tornado damage...believe me, I'm all ears!

 

[Zincwarrior]

/-----/ Insurance companies don't give a rat's ass about politics. They are going after gross incompetence. But you already knew that.

The question was not about insurance companies but Federal aid. Otherwise I agree with you.

 

[Zincwarrior]

.

Exactly. I don't want exterior politics interfering with aid. Either states meet the terms for aid or they don't adding politics is BAD when lives are involved.

 

[Zincwarrior]

hey do. Florida has the 50/50 rule. If your loss is greater than 50% of the value of your home, the property must be demolished and rebuilt to current code which includes raising the foundation 14 feet above sea level.

Not enough they will say. You shouldn't have permitted building there in the first place!

Its like trying to prove a negative. As a Texan this would be a terrible change in the future.

 

[luiza]

The insurance industry is complicated. Simplistic assumptions at this stage of the game are premature.

It is simple when Blackrock and Vanguard call the tune .

Simple Deep State depopulation strategy -- albeit indiect, rather than directly by bullets , bombs and pandemics

 

[dudmuck]

/—-/ Mike Johnson says no aid without reform.

Mike Johnson: 'There Should Be 'Conditions' On Disaster Aid For Wildfires | 710 WOR

Speaker Johnson blamed the devastating wildfires in Los Angeles on Democratic leaders.

710wor.iheart.com

 

[Missourian]

As a Texan this would be a terrible change in the future.

As a Texan, don't you believe it being good stewards of tax dollars, and if there are ways to mitigate disasters like this, they should be implemented?

 

[Zincwarrior]

As a Texan, don't you believe it being good stewards of tax dollars, and if there are ways to mitigate disasters like this, they should be implemented?

As a Texan, they would look at another 50,000 acre wildfire in West Texas and say "well you weren't prepared." If you go down that road, the blowback will happen once the next midterm passes.

 

[Missourian]

As a Texan, they would look at another 50,000 acre wildfire in West Texas and say "well you weren't prepared." If you go down that road, the blowback will happen once the next midterm passes.

As a Texan, I suspected you'd rather have conditions that help prevent another 50,000 acre wildfire if Texas were to flat out refuse to undertake them.

That's just common sense.

 

[Zincwarrior]

As a Texan, I suspected you'd rather have conditions that help prevent another 50,000 acre wildfire if Texas were to flat out refuse to undertake them.

That's just common sense.

Tell the Republican Governor and Republican legislature.

 

[EMH]

The difference between the private sector and the public sector.

In the private sector, if you fail, you lose your job.

In the public sector, if you fail, you blame someone else and demand huge $$ to "fix it" and then you get promoted

 

[Independent thinker]

This is a huge win for State Farm, someone responsible for this is surely getting promoted. There was coverage available thru the state, but it was 4x as expensive and offered less coverage.

I'm not even sure State Farm offers coverage in much of coastal Florida anymore.

While I hate to see people lose their homes like this, they should have gotten out when they could, like many others who already moved out of the state.