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Reply to "Palisades Fire - Los Angeles"
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[quote=Anonymous][quote=Anonymous]I can’t understand the problems with the insurance market there. Can someone please explain it? It sounds like the state is limiting how much the insurance companies can charge in premiums, even with high risk, so they said no thank you and walked away. And now a bunch of people including rich people didn’t have any insurance. Is that right? If so, how did they not see that coming?[/quote] This article provides some context: https://www.vox.com/climate/394176/los-angeles-fires-palisade-insurance-climate-crisis[/quote]
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