Los Angeles insurance giant makes prediction after devastating fires

[rangerrebew]

Los Angeles insurance giant makes prediction after devastating fires
Story by Samantha Rutt For Dailymail.Com • 9h

A California home insurance CEO said the inability to insure homes amid the ongoing wildfires burning hundreds of acres would 'completely upend the state' as it looks to rebuild. 

Mike Zuckerman, CEO and president of the third-largest home insurance company in the Golden State, CSAA Insurance Group, issued an unsettling statement regarding insurance availability in California on Friday.
 
Zuckerman, unlike other companies who have stopped writing policies or refused to renew customers amidst the raging fires, believes that the state and its wildfires are still insurable.

'It's hard to think about the answer to that being no,' Zukerman told the San Francisco Chronicle.

https://www.msn.com/en-us/money/other/los-angeles-insurance-giant-makes-prediction-after-devastating-fires/ar-AA1xcTJe?ocid=widgetonlockscreen&cvid=7f0b9e0dfc0a4dc9a2862b12fc797507&ei=61

[rangerrebew]

News like this isn't likely to have a positive influence on the re-election campaign funds of Gavin Newsom.

[PeteS in CA]

The California Insurance Commission (or whatever the name of the moron-agency is) decided to stick it to insurance companies, and insurance companies started doing what the commission thought unthinkable, they shrugged. Six months or so ago it was already getting difficult to get fire insurance in some areas, so many fire victims got caught between the perfect storm of city, county, state, and Federal incompetence and cluelessness, shrugging insurance companies, near-hurricane-force winds, and fires getting started in the perfectly awful place.

[PeteS in CA]

News like this isn't likely to have a positive influence on the re-election campaign funds of Gavin Newsom.

As I've posted before, Goobernor Noisome will be termed out of office in 2026.

[IsailedawayfromFR]

As I've posted before, Goobernor Noisome will be termed out of office in 2026.

let's hope Gavin joins Biden in the home for unelectable former leaders.

The gel-hair boy can get up to speed on the latest hair implant methods that keeps Joe's bald hair looking authentic.
Gavin will eventually need the treatments.