Estimates indicate Los Angeles wildfires will be the costliest U.S. natural disaster–losses so far between $135 billion and $150 billion. Private homeowner insurance companies have been pulling out of California due to wildfires. Homeowners have been forced on to the California FAIR Plan (state-run insurer of last resort–very limited coverage). While Plan officials say they’re o.k. for now, they haven’t yet faced claims of many homeowners where the average home value is around $4 million. If this plan collapses, California taxpayers will be on the hook. Taxpayers across America are already paying out, via FEMA, in response to Hurricane Helene and other disasters. Check the link to urge action.
https://www.huffpost.com/entry/california-wildfires-winds_n_6782f36de4b08acf8ef86e1f