Reading the article this is from SAN and I have no idea who they are.
Unlike Florida this comes with a a reinsurance guarantee. So if the payouts are big enough the government will pay. So the corps are guaranteed profit. The state will have to raise taxes on everyone else to fund this. They will be paying out on both sides as big damaging fires will also cost a lot of money to fight. This is a one two punch to school budget cuts.
I was really hoping to see the smaller fire prone communities shut down, at the very least make big big changes to live in areas that have forest fires.
The more house and business create larger interfaces to the forest and create more fire risk as roads and power lines cross the woods.
People want to tear down the woods to live in the woods making sure that they will not exist.
If the government is paying for the company to have profit why don’t the government just do it themselves?
I feel like if the intent is that a private company provide the insurance, they could like force that if they want to do business they need to cover some portion of high risk area, a proportion that does balance things out.
I think this is a way to get things passed without having to admit the cost. It would be cheaper to have the government cover the insurance since there will be no profit taking. But if that was done they would have to admit just how much these small rural communities are costing.
The companies are only all to glad to have a guaranteed profit with capped responsibilities when the time to pay comes due. They won’t even have to raise the rates and can underwrite more expensive and numerically more homes than make any sense since what the company has to pay is capped.
This is a complete failure of Governance made at the behest of the elected. Of course the people who live there want it. Free money, cheap living and no need to adjust your living to the world around you.
Reading the article this is from SAN and I have no idea who they are.
Unlike Florida this comes with a a reinsurance guarantee. So if the payouts are big enough the government will pay. So the corps are guaranteed profit. The state will have to raise taxes on everyone else to fund this. They will be paying out on both sides as big damaging fires will also cost a lot of money to fight. This is a one two punch to school budget cuts.
I was really hoping to see the smaller fire prone communities shut down, at the very least make big big changes to live in areas that have forest fires.
The more house and business create larger interfaces to the forest and create more fire risk as roads and power lines cross the woods.
People want to tear down the woods to live in the woods making sure that they will not exist.
Any people want to live in those locations because it is extraordinarily cheap to be there and much more pleasant that the desert area.
Like many rural areas the prices there are subsidized this is another example.
If the government is paying for the company to have profit why don’t the government just do it themselves?
I feel like if the intent is that a private company provide the insurance, they could like force that if they want to do business they need to cover some portion of high risk area, a proportion that does balance things out.
I think this is a way to get things passed without having to admit the cost. It would be cheaper to have the government cover the insurance since there will be no profit taking. But if that was done they would have to admit just how much these small rural communities are costing.
The companies are only all to glad to have a guaranteed profit with capped responsibilities when the time to pay comes due. They won’t even have to raise the rates and can underwrite more expensive and numerically more homes than make any sense since what the company has to pay is capped.
This is a complete failure of Governance made at the behest of the elected. Of course the people who live there want it. Free money, cheap living and no need to adjust your living to the world around you.