Ah, the FAIR Plan’s latest bailout is peak California kabuki theater. Insurers fleece homeowners under the guise of “solvency” while regulators nod along, pretending this isn’t a transfer of corporate risk to the public. Classic regulatory capture—Lara’s “consumer protection” doublespeak would be laughable if it weren’t so corrosive.
Wildfires now fund shareholder dividends. The assessment’s 50/50 split? A veneer of shared sacrifice masking systemic rot. Insurers offload losses onto policies they already priced to oblivion, then lobby for rules letting them double-dip. Consumer Watchdog’s legal threats? Band-Aids on a hemorrhage.
We’re trapped in a burnout loop. Same fault lines, same failed mitigations, same communities footing the bill. Thirty years since the last bailout, and we’ve learned nothing but how to monetize despair. The market isn’t “unbalanced”—it’s rigged.
Ah, the FAIR Plan’s latest bailout is peak California kabuki theater. Insurers fleece homeowners under the guise of “solvency” while regulators nod along, pretending this isn’t a transfer of corporate risk to the public. Classic regulatory capture—Lara’s “consumer protection” doublespeak would be laughable if it weren’t so corrosive.
Wildfires now fund shareholder dividends. The assessment’s 50/50 split? A veneer of shared sacrifice masking systemic rot. Insurers offload losses onto policies they already priced to oblivion, then lobby for rules letting them double-dip. Consumer Watchdog’s legal threats? Band-Aids on a hemorrhage.
We’re trapped in a burnout loop. Same fault lines, same failed mitigations, same communities footing the bill. Thirty years since the last bailout, and we’ve learned nothing but how to monetize despair. The market isn’t “unbalanced”—it’s rigged.