L.A. Fires

SmarterthanYou said:
It's starting to get interesting from the standpoint of hostility towards millionaire celebrities and their water usage over the last 20 some years...............that stars like stallone, kardashian, etc. would just pay the extra 100 grand a year in fines for 150% allotted water usage to maintain their gardens, which is being used to excuse the reservoir status..............
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You think open civil war will start in the SDTC over this? You make an interesting point.
 
Into the Night said:
Yet.
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iu
 
ExpressLane said:
Possibly but the surges preceded any reports of a fire the was big enough to burn down power lines. I'm sure they will investigate and fine if the surges had anything to do with the fire or not.
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Guess who is doing the 'investigating'? That's right...king Newsom!
Somehow I just don't think he's going to try to incriminate himself.
 
ExpressLane said:
Possibly but the surges preceded any reports of a fire the was big enough to burn down power lines. I'm sure they will investigate and fine if the surges had anything to do with the fire or not.
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Where have you been, EL?

We took a short trip to Europe and some time in a cabin in N.C. Beautiful.
 
cawacko said:
Late to the party here but throwing in some local thoughts. It's just sad. I have four fraternity brothers I know of that have lost their homes.

Because people inevitably want to discuss the causes I'll offer several. For starters it was just a really unfortunate mix of drought conditions and Santa Ana winds. Really hard to prevent that. But there are things we could have done differently.

The first is Prop 103 which was passed by voters in 1988 to regulate insurance rates. It basically said the gov't has to approve any increase in insurance premiums. It was sold as being pro consumer. What it did however was keep rates artificially low and didn't allow insurance companies to effectively price in risk. One of the big results being homes were built in high risk areas that if market pricing mechanisms were in place would have made it extremely costly to build. It's the reason so many insurance firms have started to stop writing policies in California or pull out all together. But you don't you don't get elected in California saying we need insurance costs to rise so we just turned a blind eye essentially until it was too late.

And preparedness is a whole other long discussion. Our approach to climate change has been going after oil companies and trying to subsidize EV purchases etc. But that's not going to deindustrialize the planet and change anything locally. Instead we could have recognized that the climate is changing and put in more safety measures to deal with it. (again, can get far more into the weeds on that). But we didn't.

It's always easy to Monday morning quarterback on certain things but the insurance issue and preparedness have been discussed for quite awhile in the state. This didn't sneak up on us.
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Is damage insurance feasible on a scale this large?
 
martin said:
Is damage insurance feasible on a scale this large?
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These firms (and taxpayers) are going to get crushed and of course we can imagine what the cost of insurance will be going forward. But yes, even at this scale these firms should survive. (if I'm understanding you correctly)
 
cawacko said:
These firms (and taxpayers) are going to get crushed and of course we can imagine what the cost of insurance will be going forward. But yes, even at this scale these firms should survive. (if I'm understanding you correctly)
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Going forward though is it feasible to insure against climate change level losses? I doubt it. Either the cost will become prohibitive or insurers will give up that part of the business. Then the domino effect on mortgage loans.
 
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cawacko said:
These firms (and taxpayers) are going to get crushed and of course we can imagine what the cost of insurance will be going forward. But yes, even at this scale these firms should survive. (if I'm understanding you correctly)
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As you suggesting its not all caused by DEI and the Smelt?
 
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