They’re not fleeing the state, they’re filing for bankruptcy. Insurance companies believe in global warming. There comes a point comes a point where they can’t raise rates enough to stay in business.
Breen is not telling you that while California has about 2,600+ acres on fire Canada being much larger of course has already had over 8,000,000 acres burned so far this year. Oh look, my goodness yes it is a far bigger problem that involves more than just your own backyard. Who knew?
Having to live up to their contracts? What was insurance companies created for in the first place? Wasn’t it to help folks in time of catastrophe, to help them rebuild? A shame they have to do what they were created for and not just keep all the money they collect. (sorry, I can only see this from one side.)
Nope, means the rest of us are going to pay way more for our homeowners insurance as well.
Several years ago FEMA decided I am on a flood plain, but the house across from me isn’t. My house is on slightly higher ground, but I’m pretty sure their house is paid off. As, I’m closer to paying my house off, it’s costing me less to get the cheapest flood insurance I can, than fight them over it. Seems while Orange Traitor was president FEMA was weaponized for some of us that don’t actually need flood insurance, though, I don’t know if it was because of anything he did directly, or just one of those things. It would require biblical flooding to flood my street. I’m on fairly high ground. Actually, pretty much the entire Illinois Valley would have to flood before I had an issue, but here I am, paying for something I really don’t need. Next year I pay my house off, and get rid of the nonsense insurance.
I have heard, that may be rectified by FEMA, as the way they chose flood zones was very questionable. It will probably be after it would directly benefit me. However, it would benefit me if/when I decide to sell my house.
Isn’t it funny, the government can force me to pay for flood insurance, as long as I have a mortgage, but they can’t force gun owners to carry liability insurance for their guns.
“… Massachusetts and Minnesota were the two states with the highest living standards in the U.S., according to the study. Neither state has the highest cost-of-living adjusted consumption (that’s North Dakota); this is a measure of what you can buy with your income. Nor do they have the highest life expectancy (that’s California and Hawaii) or even the most leisure time (Mississippi and West Virginia). But Massachusetts and Minnesota, the economists posit, have the best balance across components of a living standard metric, also known as a welfare measure.
The study found the two states with the lowest living standards are Alabama and Mississippi. Nygaard explained this is largely because of their relatively low life expectancy, low cost-of-living-adjusted consumption, and low educational attainment.
Texas ranked 36th in living standards, which is among the states in the lower third percentile. …” __ UH dot edu
The insurers aren’t the only ones. Ray Charles and Stevie Wonder could see what comes next for California. Another unearned check in the mail, courtesy of those who do earn their living, this time under the new meme of Reparations.
Hotels in SF are unable to service their debt obligations due to the harm the lunacy has caused to a once robust tourism industry. Default is imminent and bankruptcies will likely follow. The taxes SF pulls in from the hotels and tourism in general are falling off the proverbial cliff.
My Father had his fire ins canceled by USAA, I found another company at 50% more. They canceled him after 1 year and $60,000 worth of “improvements” they insisted on, now he is on the states last ditch insurance at double the old rate, he also must have a normal home owners policy for non-fire issues. The insurance companies cancel by zip codes right now, I’m waiting for my letter every day.
wildthing 11 months ago
They’re not fleeing the state, they’re filing for bankruptcy. Insurance companies believe in global warming. There comes a point comes a point where they can’t raise rates enough to stay in business.
mourdac Premium Member 11 months ago
Like FLA. insurers not issuing hurricane insurance any longer. The ‘House’ ain’t winning any longer.
WickWire64 11 months ago
Breen is not telling you that while California has about 2,600+ acres on fire Canada being much larger of course has already had over 8,000,000 acres burned so far this year. Oh look, my goodness yes it is a far bigger problem that involves more than just your own backyard. Who knew?
DC Swamp 11 months ago
Yet another group of people fleeing California. Even far-left nephew & husband recently fled California over high taxes and high crime.
ladykat 11 months ago
Are there forest fires in California, too? Our fires up here in Canada seem to have crowded other news to one side
morningglory73 Premium Member 11 months ago
Having to live up to their contracts? What was insurance companies created for in the first place? Wasn’t it to help folks in time of catastrophe, to help them rebuild? A shame they have to do what they were created for and not just keep all the money they collect. (sorry, I can only see this from one side.)
dyerjames944 11 months ago
Insurance companies love raking it in. But tight in dishing it out!
superposition 11 months ago
Most violent crime per 100K by state:
1 Alaska 885.0
2 New Mexico 702.5
3 Tennessee 623.3
4 Nevada 606.6
5 Louisiana 573.8
6 Arkansas 550.9
7 Missouri 523.2
8 South Carolina 519.0
9 Delaware 505.7
10 Maryland 492.4
ChristopherBurns 11 months ago
Maybe they’ll run into the insurers fleeing the Gulf Coast or Tornado Alley.
Al Fresco 11 months ago
More room for our new migrants. Florida and Texas will more than happy send a few of them to replace all those who are fed up and fleeing California.
petecocker 11 months ago
If everyone leaves. who will foot the bill for the million dollar restitution fund bill?
GiantShetlandPony 11 months ago
Nope, means the rest of us are going to pay way more for our homeowners insurance as well.
Several years ago FEMA decided I am on a flood plain, but the house across from me isn’t. My house is on slightly higher ground, but I’m pretty sure their house is paid off. As, I’m closer to paying my house off, it’s costing me less to get the cheapest flood insurance I can, than fight them over it. Seems while Orange Traitor was president FEMA was weaponized for some of us that don’t actually need flood insurance, though, I don’t know if it was because of anything he did directly, or just one of those things. It would require biblical flooding to flood my street. I’m on fairly high ground. Actually, pretty much the entire Illinois Valley would have to flood before I had an issue, but here I am, paying for something I really don’t need. Next year I pay my house off, and get rid of the nonsense insurance.
I have heard, that may be rectified by FEMA, as the way they chose flood zones was very questionable. It will probably be after it would directly benefit me. However, it would benefit me if/when I decide to sell my house.
Isn’t it funny, the government can force me to pay for flood insurance, as long as I have a mortgage, but they can’t force gun owners to carry liability insurance for their guns.
superposition 11 months ago
“… Massachusetts and Minnesota were the two states with the highest living standards in the U.S., according to the study. Neither state has the highest cost-of-living adjusted consumption (that’s North Dakota); this is a measure of what you can buy with your income. Nor do they have the highest life expectancy (that’s California and Hawaii) or even the most leisure time (Mississippi and West Virginia). But Massachusetts and Minnesota, the economists posit, have the best balance across components of a living standard metric, also known as a welfare measure.
The study found the two states with the lowest living standards are Alabama and Mississippi. Nygaard explained this is largely because of their relatively low life expectancy, low cost-of-living-adjusted consumption, and low educational attainment.
Texas ranked 36th in living standards, which is among the states in the lower third percentile. …” __ UH dot edu
librarylady59 11 months ago
Canada proves one doesn’t need to live in the same country to be affected by fires.
s49nav 11 months ago
The insurers aren’t the only ones. Ray Charles and Stevie Wonder could see what comes next for California. Another unearned check in the mail, courtesy of those who do earn their living, this time under the new meme of Reparations.
guyjen2004 Premium Member 11 months ago
Hotels in SF are unable to service their debt obligations due to the harm the lunacy has caused to a once robust tourism industry. Default is imminent and bankruptcies will likely follow. The taxes SF pulls in from the hotels and tourism in general are falling off the proverbial cliff.
superposition 11 months ago
The number/salaries of H1B VISA workers is higher than I realized.
1 California 115,871 $133,057
2 Texas 59,022 $103,411
3 New York 46,800 $119,431
4 Washington 32,392 $130,648
5 New Jersey 31,283 $108,412
6Illinois27,672$101,266
7 Massachusetts 22,819 $108,441
8 North Carolina 20,792 $102,793
9 Pennsylvania 19,750 $101,629
10 Georgia 19,595 $100,349
Ammo is on a break Premium Member 11 months ago
My Father had his fire ins canceled by USAA, I found another company at 50% more. They canceled him after 1 year and $60,000 worth of “improvements” they insisted on, now he is on the states last ditch insurance at double the old rate, he also must have a normal home owners policy for non-fire issues. The insurance companies cancel by zip codes right now, I’m waiting for my letter every day.
david_42 11 months ago
Home insurers will be in for a rough decade, because just about everywhere is impacted by climate change.
Pharmakeus Ubik 11 months ago
Let them leave, and good riddance. If they’d be happier in Florida, I’m pretty sure California will be nicer without them.
pamela welch Premium Member 11 months ago
So I guess this means that when the next wildfire/earthquake occurs, the taxpayers on the hook.
Erse IS better 11 months ago
What a bunch of malarkey.
billykstout 11 months ago
sign should read “Now Leaving Florida”
think it through 11 months ago
I bet there not running to Florida.