Greater Los Angeles wildfires (Ongoing)

Absolut

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State Farm is playing games with their books, even so, people would be ok with a reasonable hike, but there were people trying to buy homes getting quotes for 10k+ on policies that would’ve been 2500 a year ago. That’s gouging. Maybe State Farm has to accept they’re in a poor margin business, like streaming
It ain’t a charity. Their actuaries said we can’t be here at current premiums. The state said you can’t raise em, so they bounced. Not sure what exactly you want them to do. The city fukking burned down mere months later so clearly they were correct
 

dora_da_destroyer

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It ain’t a charity. Their actuaries said we can’t be here at current premiums. The state said you can’t raise em, so they bounced. Not sure what exactly you want them to do. The city fukking burned down mere months later so clearly they were correct
No one was “correct”. Everyone from civilians to politicians to agricultural companies to big business knows Cali is (getting) drier. They did nothing to compromise on rate hikes because they feel they should have zero risk, that’s not how insurance should work, but that’s how we let businesses run over consumers in the US
 

franknitty711

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Insurance is a scam as long as the company can take most of the money is gets coming in for premiums and invest, (cheat code talk for cheat, scam, wash, who the hell knows) and has no accountability for remaining solvent for worst case scenarios.

Everyone at the top of the company looks at each other, confused wondering where the money went. Meanwhile, they draw large salary and performance based bonuses.- Cold game
 

IIVI

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Insurance is a scam as long as the company can take most of the money is gets coming in for premiums and invest, (cheat code talk for cheat, scam, wash, who the hell knows) and has no accountability for remaining solvent for worst case scenarios.

Everyone at the top of the company looks at each other, confused wondering where the money went. Meanwhile, they draw large salary and performance based bonuses.- Cold game
This.

It’s straight up vapor ware where many times there’s no ”product”.

When you’re getting bought for the “worst case scenario” but when the “worst case scenario” comes to be and you’re useless, then you didn’t have a product and were a scam. Glorified middle men but aren’t even facilitating anything.

Tired of all these companies making billions off zero actual product nor real world use. Meanwhile companies are out there pushing breakthrough tech.
 

Absolut

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No one was “correct”. Everyone from civilians to politicians to agricultural companies to big business knows Cali is (getting) drier. They did nothing to compromise on rate hikes because they feel they should have zero risk, that’s not how insurance should work, but that’s how we let businesses run over consumers in the US
If opportunity was there, other insurers would have came right in when State Farm bounced. That did not happen. The state neglected to do anything to improve its chances of mitigating wildfire risk, while the risk rapidly increased by the year. This negligence wasn’t new. It’s been pointed to for years, and ultimately led to insurers widely not offering insurance. They calculated the risk was higher than the compromised rate hikes of 7/20/30%, the state said no it’s not. Now here we are, merely a few months after these discussions
 

DaHNIC82

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Some People keep saying the left lost because they need to court more right wingers. It looks like when the left actually does that it’s a self fulfilling prophecy. It sounds like they actually need to stop listening to conservatives and keep “talking down” and just do what they ran on.

Every damn thing is political now :snoop:
 

dora_da_destroyer

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If opportunity was there, other insurers would have came right in when State Farm bounced. That did not happen. The state neglected to do anything to improve its chances of mitigating wildfire risk, while the risk rapidly increased by the year. This negligence wasn’t new. It’s been pointed to for years, and ultimately led to insurers widely not offering insurance. They calculated the risk was higher than the compromised rate hikes of 7/20/30%, the state said no it’s not. Now here we are, merely a few months after these discussions
This is absolutely bullshyt and needs to stop being spread. The state/local municipalities clear undergrowth, so controlled burns, and hell, even have goats every spring/early summer to eat dry brush. There is no 100% mitigation, especially as climate change (drought, warmer temps, strong winds/storms) make conditions worse


Literally was just in a bay are Reddit thread about this topic and the misinformation that exists

 

Absolut

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This is absolutely bullshyt and needs to stop being spread. The state/local municipalities clear undergrowth, so controlled burns, and hell, even have goats every spring/early summer to eat dry brush. There is no 100% mitigation, especially as climate change (drought, warmer temps, strong winds/storms) make conditions worse


Literally was just in a bay are Reddit thread about this topic and the misinformation that exists

What’s a Bay Area Reddit thread have to do with LA fires?
 

Idaeo

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Is there a website where we can donate to the cause??? I want to help these celebrities. They are people too!!!
 
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