Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Perhaps the most interesting part of the article:
You're viewing a single thread.
When your insurance drops your coverage, that's your cue to GET THE FUCK OUT BEFORE YOU HAVE YET LOST EVERYTHING.
Those actuarial tables are designed from the ground up and refined over literally decades (up to around a century in some cases) to predict risk and while they're not always perfectly accurate they are clearly ENOUGH so that they have made it possible for insurers to remain profitable.
IF THEY KNOW ANYTHING THAT YOU DON'T, THEY ARE DEFINITELY ACTING ON IT.
I know you can't literally just drop everything, or fit absolutely everything that matters to you in your car in a pinch, but you WILL be better off if you've packed up and prepped for transport as many as possible of the things that would hurt you and/or inconvenience you the most to leave behind.
So for those of you who haven't already experienced total loss, learn from this. Prepare yourselves. The people displaced by this will strain many other extant failure points in our society. Shit is about to get MUCH, MUCH WORSE.
The warning bell rang decades ago and we're still ignoring it. There is no escaping or planning around what is to come. It doesn't matter if you move somewhere less impacted by climate change. Those places can't support anywhere close to the amount of people that will need to live there. We'll ruin those places fighting over what scraps remain until there's nowhere left to go.
The entire world basically just tried to ignore COVID and kept burying the bodies hoping everyone would stop caring. (BTW, excess death statistics are still horrifically higher than pre-2019 levels across the world)
Long COVID is a literal debilitating lifelong mental and physical disability but everyone has it now so we just don’t care.
It’s simple. The bourgeois must be eliminated or humanity dies.
I had to get out of Public Health because of the damage pretending covid was over was doing in almost every sense.
Likewise there’s a reason all the billionaires are building bunkers in Hawaii and New Zealand and investing in yachts, that Greenland and northern Canada have new geopolitical and economic importance, and that the Panama Canal is at risk of not being able to get enough traffic across. I’m tired of getting gaslit by climate naysayers.
"Everything is fine!" they say as they stockpile supplies and build secret locations to hide.
The problem is that people cannot simply get out at scale. The homes themselves are not portable and represent a significant investment that most homeowners cannot afford to lose. An individual can sell, but that requires there being a buyer, so doesn't actually solve the problem.
What is needed here is a government funded relocation program. The government buys houses in eligible areas at market rate (locked in at the time the program starts, as market rate should collapse to 0). Then, the government does nothing, and saves money from not needing to subsidize the insurance market, and need needing to spend as much on disaster response and relief. Given that the disaster relief savings is largely born by the federal government, this program should receive federal funding as well.
Why should my tax dollars be used to bail out someone who bought a multimillion dollar home in a high risk area? Why should home owners get all the profits from owning but get to skirt the risks?
That's an easy one. Because the government let this happen by not reigning in the corporate pollution it knew was happenig. All so the economy would grow and grow which is what gave you the money to pay those taxes. So the tax dollars you are giving the gov are the reason these people need to move.
I think relocation (and getting people comfortable with their tax dollars going towards it) would work better if the US states weren't so ideologically divided.
There is no way I want the average republican relocating to my state, let alone wanting to pay for such punishment.
A lot of things would work better if the states weren't so ideologically divided. Lol But yeah, relocation is rough. Moving people away from family and friends means removing them from the people they probably depend on. And that just leads to more people taking thier kids with them to vegas, lol.
This is a terrible idea.
We bought our present home 6 years ago. One house we looked at was in a low lying area, probably less than a metre above the high tide line. We didn't buy that home because I'm not an idiot.
Since the dawn of time people have been building homes in silly places and losing their money as a result. It's a shame.
In the next century there's going to be a great many people displaced due to climate change. Let's not start out by indemnifying those who pretended climate change wasn't a thing.
When was that house built? What should the current owners do with it? If they sell, someone else needs to buy. Someone is going to be left holding the bag for a decision made decades ago.
And our current approach already indemnifies them, because their flood insurance is provided by the federal government as no private insurer will offer it. Then, when a flood hits, we all pay for it, along with the emergency response during and after the event.
The government shouldn't offer insurance the market won't. The person holding the bag is the most recent idiot.
What if they bought before the 70s? Before climate change was taught in schools?
We all know who's responsible for it.
Petroleum companies, oil and plastics added so much pollution in such a short amount of time the planet couldn't deal with it and it's likely led to significant, global-level environmental impact.
Sure, but even they didn't know they were destroying the climate until the 70s
Actually, Exxon knew about it in the 50s...
At which point they proceeded to lie and cover it up for decades instead of idk, not poisoning the planet and humanity for profit.
I'm somewhat astonished that you think owners of this type of property ought to be indemnified in any way.
If I inherited such a property, I would absolutely try to find a "greater fool" to buy it.
I would point out though, properties like that aren't going to be unsaleable over night. They're just going to be less desirable than other properties.
