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California Insurance for Fire is becoming a Market Failure Roland00 Send a noteboard - 25/10/2019 06:35:28 AM

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Standard homeowners covers fire. It does not cover flood and storm surge damage from storms. If and when the only way you can get fire insurance in California is through the government, because insurance companies won’t write it anymore, then your comparison will be valid. Till then it’s apples and oranges.

California Insurance for Fire is becoming a Market Failure

Rates are 3x to 5x recently and many insurers that are private are no longer offering new plans and finding ways to cancel old plans. There is a state insurance fund yadda, yadda, yadda my point here it is similar enough for comparison.

https://www.hcn.org/articles/wildfire-in-california-more-than-340000-lose-wildfire-insurance

The technical term is rock and hard place for no individual choices can prevent systemic change. Even if you did everything right 10 or 20 years ago when your house was built the "risk" is not the same as it used to be 10 or 20 years ago. Thus saying it is all about individual responsibility is messing not with actual reality and the reality principle but is instead saying in my ideal mental space we would not have this problem. Well if you are going to do that why not also wish for a pony?

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Have y'all seen this? Qatar is air conditioning their open-air markets and stadiums. TyrReborn - 19/10/2019 06:06:47 AM 859 Views
This is nothing new. Qatar has had indoor ski slopes for years. *NM* damookster - 19/10/2019 11:32:07 PM 253 Views
cold air remains low to the ground or something? *NM* Roland00 - 19/10/2019 11:32:28 PM 250 Views
Right, but... surely an enclosed stadium would be more efficient. *NM* TyrReborn - 21/10/2019 10:49:37 PM 244 Views
Well, the city was built... fionwe1987 - 20/10/2019 09:48:37 PM 550 Views
Excuse Me? *NM* Roland00 - 20/10/2019 11:30:28 PM 319 Views
Yeah, I get that people don't want to move. But... TyrReborn - 21/10/2019 10:52:03 PM 460 Views
I think the extravagance is the point *NM* aerocontrols - 21/10/2019 11:51:53 PM 242 Views
Speculating here, but... fionwe1987 - 23/10/2019 09:45:23 PM 520 Views
Why is it always the Gulf Coast that gets complained about when we rebuild? Ghavrel - 23/10/2019 07:50:35 AM 513 Views
huh? aerocontrols - 23/10/2019 12:37:50 PM 490 Views
Re: huh? Ghavrel - 23/10/2019 08:52:29 PM 499 Views
That may simply be because earthquakes are less frequent than hurricanes, especially now *NM* fionwe1987 - 23/10/2019 09:46:47 PM 245 Views
They're less frequent, but we know where they're going to happen. Ghavrel - 24/10/2019 04:42:15 AM 516 Views
No one is sneering... fionwe1987 - 24/10/2019 02:05:19 PM 518 Views
You did use the word, idiocy. damookster - 24/10/2019 02:09:45 PM 523 Views
Fair. But I don't mean it at an individual level. I think... fionwe1987 - 24/10/2019 08:46:06 PM 574 Views
Re: huh? aerocontrols - 24/10/2019 06:01:36 PM 491 Views
That means we need to abandon places where millions of people live. Just in the US. Ghavrel - 28/10/2019 02:24:36 AM 545 Views
Please read my 2nd paragraph again aerocontrols - 28/10/2019 04:06:32 PM 455 Views
Aerocontrols do you think Augusta Kansas should not exist? Roland00 - 24/10/2019 05:35:22 AM 502 Views
I think there's an argument to be made aerocontrols - 24/10/2019 05:50:26 PM 504 Views
But the Halloween flood of 98 was not like that Roland00 - 24/10/2019 06:41:28 PM 433 Views
Augusta flooded again last spring. aerocontrols - 24/10/2019 08:24:39 PM 517 Views
A little over sensitive? damookster - 23/10/2019 08:21:39 PM 479 Views
Very. I had enough of people blaming us for Katrina to last a lifetime. *NM* Ghavrel - 23/10/2019 08:53:44 PM 249 Views
to my point, however.... damookster - 23/10/2019 10:27:04 PM 515 Views
I don't really know how that's relevant though. I'm not talking about insurance. Ghavrel - 24/10/2019 04:40:58 AM 493 Views
I guess my point damookster - 24/10/2019 02:03:08 PM 580 Views
Mookie why aren't you using the same logic about the California fires? Roland00 - 24/10/2019 07:53:19 PM 513 Views
because to the best of my knowledge, homeowners insurance in California is not unobtainable damookster - 25/10/2019 03:07:57 AM 526 Views
California Insurance for Fire is becoming a Market Failure Roland00 - 25/10/2019 06:35:28 AM 491 Views
As someone who *lives* in California Jeordam - 25/10/2019 04:38:49 PM 530 Views
Sigh you are missing my point I was saying about Scapegoating Roland00 - 25/10/2019 09:45:48 PM 565 Views
I didn't miss what you said.... Jeordam - 25/10/2019 11:35:23 PM 547 Views
Let me see if we are on the same page here. Roland00 - 26/10/2019 01:08:45 AM 512 Views
*nods* I knew what you were saying. Jeordam - 29/10/2019 09:53:30 PM 487 Views
Are you also calling me oversensitive Damookster for I had the same complaint? Roland00 - 24/10/2019 05:30:59 AM 482 Views
I was teasing Gabe. damookster - 24/10/2019 02:06:17 PM 471 Views
Sorry for misunderstanding Roland00 - 24/10/2019 06:43:36 PM 653 Views
You do realize that all of Qatar is desert? Legolas - 21/10/2019 07:53:24 PM 515 Views
What I was really commenting on is, wouldn't it be more efficient to enclose those areas? TyrReborn - 21/10/2019 10:51:00 PM 532 Views
Probably. For the stadiums, I thought they did do that, not sure about the markets... Legolas - 22/10/2019 05:57:11 PM 458 Views
Most of Antarctica is desert aerocontrols - 21/10/2019 11:51:04 PM 481 Views
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