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Originally Posted by Cappy
I will continue to express the thought that insurance issues will hit us long before the majority agree to deal with climate change issues.
California has been trying to walk the tightrope with insurance for a few years now, striking a balance between affordability and coverage. I think this fire might up end that dance.
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With the prospect of government-run FAIR insurance becoming insolvent, California may just have to recognize that the insurance industry are the experts on risk, and if they won’t insure a property it probably shouldn’t be insured by the government either.