Left right and center there is a lot of magical thinking around the insurance industry. It honestly freaks me out how there basically aren’t any adults in the room anywhere as far as I can tell.
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Commissioner Lara is trying to walk an untenable tight rope middle ground position: attempting to allow insurance companies to set rates based on climate projections and allowing (some) rate raises (probably illegal per prop 103) and not allowing the FAIR plan to raise rates to ensure solvency.
aug 28, 2025, 11:48 pm • 14 1 • view
Screaming alarm bells telling the state that it needs to adapt: for people’s safety, for fiscal solvency, and economic stability but policymakers nervously ignoring it.
aug 28, 2025, 11:50 pm • 18 0 • view
Nobody wants to come out and be the one to say that fast swaths of the WUI are uninsurable, or at the very least require incredibly higher rates
aug 28, 2025, 11:54 pm • 11 1 • view
Honestly some urban elected with little FAIR plan coverage in their district should start getting loud about it. Force exurban reps to defend their indefensible position.
aug 28, 2025, 11:55 pm • 11 0 • view
Most rates need to rise and rates in fire risk zones need to rise by a lot is not a particularly popular political position.
aug 28, 2025, 11:54 pm • 5 1 • view
Everyone wants someone else to pick up the tab.
aug 29, 2025, 12:07 am • 1 1 • view