California's insurer of last resort (FAIR) is where people go to obtain homeowners, including some commercial, insurance policies when no other carrier will insure them.

Turns out they won't have enough money to pay out from these wildfires.

Exposure: $458-billion
Reserves: $700-million
Data source: [link to www.afr.com (secure)]

Current damage estimate: $52-billion
Data source: [link to www.desertsun.com (secure)]

Now in all fairness, not all of that $52-billion is held by FAIR policy holders.

You can see where a large portion of FAIR's book of business is held here.

[link to www.cfpnet.com (secure)]

rip s@@@ pissed when the City and the Coastal Commission tell them to f@@@ off.

We’re going to have to restructure the whole thing because we can’t have nine angry lesbians controlling everything that goes on in Malibu, the Palisades and Santa monica.”


From. GLP
This is why Californians pay the highest taxes: So that their government can completely fail them in their time of need.

Glp
The fires are the worst in the city's history.

Comedian Billy Crystal and TV personality Paris Hilton are among the many who have lost their homes in devastating wildfires currently happening in Los Angeles.

The unprecedented event has seen areas such as the Pacific Palisades neighbourhood and the iconic Sunset Boulevard have been largely destroyed. At least five fires are being fought by emergency services, with three being reported as unconfined. Over 137,000 people have been evacuated, with five reported deaths.

(Excerpt) Read more at nme.com ...

I read that State Farm cancelled policies because of a CA law not allowing them to raise premiums in order to cover the risks.
And they told them they would cancel back in March 2024, then cancelled in the summer.
I don't blame them. They are in business to make a profit. If they can't do that, then they have to go to another state.

Trump has called on "Nuscum" to resign.

Glp.


REPORT: There Are Now Reports Of Foreign Based Gangs In Los Angeles Deliberately Starting Additional Fires To Force People To Evacuate & Leave Their Properties To Be Robbed!
Time For The @NationalGuard To Be Deployed To Protect Property.

The enemy is using asymmetrical warfare.

Certain similarities between Biden and Nero...with Caligularian overtones.

quote:

Originally posted by MAXIMUS PANDAMONIUS:
Glp.


REPORT: There Are Now Reports Of Foreign Based Gangs In Los Angeles Deliberately Starting Additional Fires To Force People To Evacuate & Leave Their Properties To Be Robbed!
Time For The @NationalGuard To Be Deployed To Protect Property.

The enemy is using asymmetrical warfare.

I had that impression after seeing a couple vids of obvious fire-starting perps

Drudge

10 Dead, 10,000 Structures Burned In Los Angeles Area Inferno As Fire Damage Could Exceed $150 Billion

Hey Mr. Biden..
You keep sending money to Ukraine.
Play your fiddle as the former USA burns.

earthquake..Cali..
M 3.7 - 5 km NW of San Francisco Zoo, CA
2025-01-10 15:02:03 (UTC)37.755°N 122.556°W8.4 km

Now around 10,000 structures burned down.

Here's one man who stood his ground and saved his property--a 65 year old man no less who lives in the epicenter of the destruction. Nearly ALL of the fools who fled in PANIC when notified by officials... who never showed up to actually fight fires where it was necessary.

The Palisades is (rather was) inhabited 95% by blue-whacko-voters, who in total were not able to change a toilet seat by themselves, let alone stand up with a fire hose and put out small fires which in turn grew larger and consumed their homes. Yes--they in fact fled in panic like frightened fags with their arms waiving in the air. And now you see the extent of the destruction approaching now 20,000 structures completely destroyed. Fire damage now to exceed 150,000 billion dollars.

Palisades fire ignition point, now located to be a downed power line above the homes in the hills, surrounded by thick brush. There literally are homes sitting on hilltops surrounded by thick brush up to 12 feet deep (and impenetrable on foot) and underneath there is additional dead underbrush. This stuff goes up like a blow torch when ignited.


Before the area was over settled, back before the 20th century, this brush would routinely burn off and it did not become so overgrown and thick until that is modern development began. I'm looking at images on Fox right now and there are homes literally surrounded by trees and vegetation on hilltops.

I'm not concerned about the welfare of these people displaced from the fires--even the poorest of them have to be well healed to even reside in the cheapest of apartments (if you can find one that is) in this area ($6,000 per month average). The evacuees are filling up the pricy hotels in the area such as the Four Season and the Beverly Hills Hotel. Some of these properties pay 5 to 10 thousand dollars per month just in property taxes to the county. A cheap shack pays 2k per month in taxes. So I am largely unsympathetic to the plight of most of these people. You build atop a pyre and then are surprised and expect sympathy when it goes up in flames. Sorry. Not buying into it.

If I were in this area and my home destroyed and insured. I'd take the payout, sell the land and take the haircut and move my shit out of state to Nevada.

Weather for the next week predicts ongoing Santa Ana winds during the day and onshore winds at night, which causes the fires to seesaw back and forth.

this isn't over by a long shot.

I find it amusing that Newsom and Bass are hiding behind the cover of "climate change" to escape the truth of a semi desert climate, mountain topography, a La Nina season which happens on a more or less routine basis and lousy forest management.

Here in AZ the Colorado Plateau runs northwest to southeast forming the Mogollon Rim and a multitude of deep canyons bisecting it (my favorite is Barbershop Canyon, because the trail through there is definitely "a close shave"). In the spring the seasonal winds can howl to the southwest through those canyons, making them a blowtorch for fires. It sure looks like the general orientation of the canyons and the directions of the Santa Ana winds has the same effect.

Who owns California's water supply

Link

quote:

Originally posted by Ginger Quill:
Who owns California's water supply

Link

Terrified residents trapped in gridlock traffic as they try to escape LA wildfires after flames surround celeb enclave
Buildings across Los Angeles are still burning to the ground as the wildfires continue to spread