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.
gonna be a hell of a standoff when Big Insurance tells America they can’t go prospectin out Californi way anymo
The Reinsurance apocalypse is coming sooner than anyone wants…
The avg person has no fucking clue.