California

1536 readers

309 users here now

Welcome to /c/California, an online haven that brings to life the unrivaled diversity and vibrancy of California! This engaging community offers a virtual exploration of the Golden State, taking you from the stunning Pacific coastline to the rugged Sierra Nevada, and every town, city, and landmark in between. Discover California's world-class wineries, stunning national parks, innovative tech scene, robust agricultural heartland, and culturally diverse metropolises.

Discussions span a wide range of topics—from travel tips and restaurant recommendations to local politics and environmental issues. Whether you're a lifelong resident, a recent transplant, or planning your dream visit, /c/California is your one-stop place to share experiences, ask questions, and celebrate all the things that make California truly unique.

Related Communities:

Nearby Communities:

founded 2 years ago

MODERATORS

badbrainstorm

California Wildfires Threaten Insurers Already Teetering From Climate Shocks (www.nytimes.com)

submitted 1 month ago by [email protected] to c/california

3 comments fedilink hide all child comments

I'll note that a large chunk of the burned properties depend on the state-run FAIR plan, which provides much weaker coverage (eg: not replacement cost) than private insurers. The FAIR plan also has limited reserves, which it will replenish by issuing an assessment on commercial insurers and their policyholders.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 month ago

Can I fully agree with you about them doing that, while also maintaining that in the long run insurance of all kinds will be unsustainable in light of the ongoing (and really just beginning at this point) climate catastrophe, not to mention the whole rest of the polycrisis facing humanity