Say your prayers: California’s new plan to ease the insurance crisis is going to need them.

California’s FAIR insurance plan has only about $385 million to pay for disasters. A new proposal could add millions of enrollees and billions in risk

if local governments didn’t insist on making it so difficult to build infill housing in comparatively safe places like San Francisco, we wouldn’t be in this situation.

#TurningABillionDollarProblemIntoATrillionDollarProblem 
#StopIntrusionIntoTheWUIAndRematriateLandBack

https://www.sfchronicle.com/opinion/editorials/article/california-insurance-crisis-fair-plan-19609809.php

As home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing number of properties that have lost traditional coverage and unable to collect enough in premiums to cover potential losses.
The number of homes and commercial properties in high-risk wildfire areas covered by the California FAIR Plan has more than doubled, from 154,000 in 2019 to 375,000, and liability exposure has ballooned from $50 billion in 2018 to $336 billion in February, its president told lawmakers at an insurance committee hearing last week.
#StopIntrusionIntoTheWUIAndRematriateLandBack
#TurningABillionDollarProblemIntoATrillionDollarProblem

https://www.mercurynews.com/2024/03/23/california-home-insurance-exodus-pushes-states-last-resort-backup-plan-toward-insolvency/

#ForeverWarSubsidizesFossilFuelsAndSprawl