I’ll note that a large chunk of the burned properties depend on the state-run FAIR plan, which provides much weaker coverage (eg: not replacement cost) than private insurers. The FAIR plan also has limited reserves, which it will replenish by issuing an assessment on commercial insurers and their policyholders.

  • qyron
    link
    fedilink
    31 day ago

    Good.

    The following is going to sound scynical but perhaps when these blood suckers can no longer hold a profit from so many catastrophes pilling, the idiots start to lobby for preventive actions!