Created from all the execs rushing to deny those affected by the fire.

United Healthcare CEO learned the hard way.

Most of us don’t control much of what makes up our “health “ but nothing makes anyone live in a fire zone

I have tons of empathy for the people in the trailer court that burnt down, they probably didn’t have many choices but the mansions built on those hills were a blaze waiting to happen

because he was shot in the back by a gun humping psycho COWARD

It's not insurance...it's yuh pays your $ and you takes your chances.

And you know there will be no oversight or regulation as such, in the future.

That was the first time I heard of it, but it could have been happening earlier. It was at an insurance conference in Kansas City. They said the property insurance industry would not be able to maintain itself if steps were not taken. Adequate steps were not taken. I have no problem with them running out of time and only wish their business peers had listened sooner.

The reinsurance companies were the first to really sit up and take notice. They have no choice but to do so - they have the numbers and understand the trend, and have for decades.

"Insurance companies can't easily adjust rates to maximize profits, so they bolted"

Fixed that for you...

Silly.

There's a world of difference between "maximizing profits" and "intentionally take losses". You're being disingenuous.

Reforms are majorly needed on our antiquated P&C insurance system. There was thought that Sacramento would finally approve some of it early last year, instead, they kicked the can down the road.

Newsom to his credit, got some of it in through executive action. Some companies were actually starting to take on a bit more policy holders as a result. Well...so much for that...

for anyone likely to NEED insurance.

...on deals they know they will lose money.

And they know, as we all do, that climate change is making areas unlivable, hence uninsurable.

Pretending it isn't happening, is not gonna work anymore.

The Paradise Fire was horrendously expensive and they warned they were pulling out of fire danger locations over the past year and a half.
I'm in a San Diego trailer park. Our insurance went up 20% this year due to a minor potential fire risk.
Other parks in canyon areas or our in the county either lost their insurance - or had fire damage removed, and many had to try to find alternatives to cover their property should there be any damage other than fire.