California wildfires causing $57 billion in damage as providers canceled insurance
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- เผยแพร่เมื่อ 10 ม.ค. 2025
- The devastating southern California wildfires could cause between $52 billion and $57 billion in economic losses, according to experts at AccuWeather. But homeowners affected have unique insurance factors in play as they try to put their lives back together. In the months leading up to the disaster, many affected homeowners lost their original insurance coverage.
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Insurers knew in advance about the negligence of poorly managed fire mitigation. That’s all you need to know about who is responsible for this deep tragedy.
Agreed California caused this
Yeah, they had this special foresight to know what has been widely reported for at least 25 years.
@@richdobbs6595they tried to get the state to do its job! They refused so State Farm left with others. All that left is small fry who will be wiped by this….
The state also put a cap on what insurers could charge which prevents the market from accurately assessing the level of risk in fire prone areas. Of course they left. A business is supposed to be profitable.
That is so true. and The crazy thing is that now our insurance go up as result of this.
Without FAIR, people wouldn't have moved into these mismanaged locations where the brush wasn't cleared and the northern waters were wasted.
Voting has consequences. Keep electing idiots and their policies and this is what happens.
Agreed, let’s see Trump runs US to the ground and loses our place as the #1 in the world order.
Tragically, the citizens of Calfornia elected to do this to themselves.
Maybe they can reclaim all the property through emanate domain and populate it with unicorns and butterflies.
Their governor laundered more than that.
They did it to themselves for not managing the forests
I don't want to pay for a million dollar home in California. I live in texas. Home prices in California are out of this world.
That’s because it is really nice there. I also live in Texas and the weather here is horrible. You could not survive here without heat and air conditioning. You don’t even need clothes to survive in Southern California. 😂
@@huemann7637 apparently the weather isn't so nice there now...
There shouldn't be homes in the Pacific Palisades, & they definitely shouldn't rebuild in the Pacific Palisades.
I ask this again why does America have money for all the wars in the world but when it comes to helping Americans the money is no where to be found, so sad. 😔😔😓
And I ask why an organization like the FDA authorizes the use of formaldehyde in our food sad sad sad.
USA has huge debt because of entitlement programs- we aren't in massive debt because of foreign wars.
When scammers start scamming scammers this is what you get.
1906 San Francisco miraculously had an architect make building plans before the fire
Maybe help LA instead of Ukraine
I'll refuse to cover your expenses for half the price of those other crooks.
Justice demands arrests.
Thanks SAN. What do we know about the original causes of the (mysterious?) several fires starting in different areas on the same day?
I have been wrong a number of times, believing the conclusion is such and such, but proven wrong when additional information arrived later. To achieve a correct conclusion, one must wait for a thorough investigation.
@ Yes. 100% agree. But I haven’t even seen the question asked in the media.
I believe its DEW like Hawaii and Jasper
It's been questioned.
@@GMAN420BC You don't need an energy weapon to start a fire. Even a homeless guy can start a fire. In fact in my neighborhood (Northern California), I have seen 4 different fires from homeless people over the last 15 years.
Home insurance is mandatory, why isnt coverage?
$57B eh? How about $500 for every person who lost their house and another $60B for Ukraine and Israel. Who's with me!
No other title for a video has made me scream in fury.
$57 billion!!! Do any of the scammers and idiots the think that's not a high enough number?!?
You get what you vote for.
Maybe it's time to get rid of the insurance industry?
Whoa that's 1000 houses worthed 57m
Pure Karma .
The question now is; will we support these Americans as strongly as we support the Ukrainians.
Well, the Ukrainians were invaded by an adversary of the USA, and have done a stand up job combating them, at a much lower cost than our completely wasted efforts in Afghanistan and Iraq, despite the stupid limitations that the Biden administration put on making effective use of our arms supply. OTOH, this a largely self inflicted problem caused by California on Californians. Just think, this is a minor affair, compared to what it will cost the USA when the Big One hits California, Oregon, and Washington. Just saying...
It's a state issue. Why should it be a national issue?
Providers 😂😂😂 told you its a scam
Not worried…. Floridians in 92 lost 250k homes and look at Miami now…everything will be fine.
And Biden is a new grand grandpa. Congratulations 🎉
I mean this was bound to happen.... I hope everyone will survive this latest LA tragedy.
I bet brandon gives cali whatever they ask for but the homeowners will get nothing to speak of...
They screwed themselves.
What the fuck is the point of insurance if they can cancel it out from under you? What are the names of some of these insurance executives? Dangerous time to be alive. 🙄
This is the biggest and greatest scam in American history. The same happen to Floridians with the recent hurricanes. Millions left with no insurance.
What is the point of running an insurance company in a state that won’t allow you to turn a profit and forces you to take risks that you would not otherwise take?
I don't blame the insurance companies. They saw bad government policy. Not clearing the brush, DEI fire departments, not filling up the reservoirs, giving our fire fighting equipment to Ukraine, cutting the budget for more woke nonsense.... Why should the insurance companies take the higher risk due to people's voting habits?
looks like some more mortgage defaults coming...
Why pay for insurance when they can just pull the rug from under you. 😂
You need to educate yourself. When your state government tells you that you can’t make money, what were you expecting? Guessing you voted for Kamala
😂 and you need to stop making assumptions over the internet….kiddo.
@@P2Feener305 well, when you make idiotic statements over the internet you make it easy to assume you’re delusional / ignorant. Thanks for the reply.
#TheCorporateFleecingOfAmerica Bernie Sanders!
Lindsay Graham will say no money for LA, Ukraine is more important.
how are they starting
I can't speak for Pacific Palisades, but in my neighborhood in Northern California, I have seen 4 different fires in my neighborhood caused by homeless people, over the last 15 years. The wind always blows the embers across the highway, and then fire starts in my neighborhood. Fortunately, there is a fire station down the street.
Well Every time Zelenskyy comes to America, He gets $60 Billion. Its only fair if Congress gives these people who lost so much $57 Billion.
The question now is; will we support these Americans as strongly as we support the Ukrainians.
don't forget the billions of dollars for our greatest ally.