Pretty much the same shit happened in Alberta with the forest fires last year. Budget cuts followed by devastating fires. Whoops we have no money because we gave it all to fossil fuel subsidies.
"Resources." They didn't want to pay to do the work so that citizens will bear 100% of the risks and costs even though they already paid for it. We'll also have to pay to bail out the insurance companies that I guarantee will cry that they don't have large enough reserves despite historic stock buybacks and dividends in the industry.
A failure on so many levels.
This, but for basically every for-profit insurer for the past five years. Anyone with insufficient reserves now should be nationalized because clearly their for-profit model is useless.
https://www.reuters.com/markets/europe/zurich-insurance-announces-125-bln-buyback-after-record-profit-2024-02-22/
Yeah no the CA fires are the perfect storm of bad management, bad policy, and bad weather. People have been saying for years that stuff needs to change, and nobody gives two hoots when it’s NorCal.
It being SoCal this time does not mean actual changes will be made, we aren’t that special
very rich people's homes are burning down, im sure that raises the odds at least a bit that something could change
NorCal has plenty of rich people who were affected by the 2020 nightmare. Any change will be individual and private, not on the level of management and policy lmao
Thinking about the record rainfall a year ago and how much extra plant growth it stimulated that is now fuel for these fires
