@cynblogger The monopolies are going to take advantage of #disastercapitalism as you note. Lara says fiscalizing #climate #modeling was the cost of keeping the well #capitalized companies in the state, retaining some competition, and avoid burdening the state as the insurer of last resort. The alternative was more #flybynight companies like the one that collapsed after #Paradise. He says the state will validate the models.
The market and courts have begun to price in #fire; shortly #floods and #extremeheat will push the market toward better actuarial models. Foster city raised their #levees, San Mateo is going to bond to do levees and #BiggerPipe engineering. But can you fit an atmospheric river in a pipe? Some cities are already taking about the street at the pipe, an option not available to Sacramento! There’s an opportunity to continue advocating with the insurance commissioner since actuarial science is a lousy route to #keepitintheground and #ManagedRetreat.