California stopped doing backburning (part of fire prevention) in October to “preserve resources”
California stopped doing backburning (part of fire prevention) in October to “preserve resources”
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14 comments
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"Resources." They didn't want to pay to do the work so that citizens will bear 100% of the risks and costs even though they already paid for it. We'll also have to pay to bail out the insurance companies that I guarantee will cry that they don't have large enough reserves despite historic stock buybacks and dividends in the industry.
A failure on so many levels.
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This, but for basically every for-profit insurer for the past five years. Anyone with insufficient reserves now should be nationalized because clearly their for-profit model is useless.
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14 comments