Fake insurance courtesy of Newsom’s California

What ISN'T fake about Newsome?

And if a private insurer was run like the Cali program, every executive and board member would be in jail for the scam.

I'd love to hear from our resident insurance expert from Georgia.

We've had Foremost Insurance for twenty-five years, since first moving into our new house on the homestead. Never late on a premium, and no claims. Our premiums started out at $265 a quarter. They sent us a cancellation notice before the fires in L.A. could even be put down. The final quarter premium was $685. They advised us to enroll in the CA FAIR program. TK's trying to find other insurers. In the meantime we're going to try and make our case to Foremost with a detailed report on our fire prevention program. I keep praying that the brain-dead in this state will finally come out of their coma.

I am here #3. This is on the state's "leaders". An event this costly will brew a huge insurance crisis. Smaller companies reinsure their risks over a certain amount per individual claim. It might be $100,000 before they step in and pay for the extra over the retained amount. Think of it as a large deductible. The larger companies like State Farm don't reinsure, or at least they didn't when I was in the business. Even with reinsurance, this horrendous event could drive them out of the state. I read where State Farm was "cancelling" policies. They can't do that mid-term except for non-payment or in a few other rare cases like arson and fraud. They have to wait until the renewal date and then give notice in advance. Years of denying rate increases so they could posture about saving the citizens from those "greedy" insurance companies and California's generally anti-business climate is enough alone to cause some companies to leave. Add in the failure to take care of basic fire prevention efforts i.e.: clearing miles of combustible brush, cutting fire breaks etc., hiring competent first responders and not recruiting DEI hires simply because they check a box, filling reservoirs and hydrants plus not pulling money from understaffed fire departments. I am afraid way too many companies will throw in the towel and bail out before going bankrupt. Most of this tragedy could, if not entirely preventable, have been greatly mitigated by competent leadership. I know lots of people will say they voted for it, but there are millions of good people in CA, but they get outvoted in (sometimes stolen) elections. Sorry for the long post, but this a huge and tragic disaster to the citizens and will take years financially to recover. Guess who will be the ultimate rescuer when the smoke clears. Every taxpayer in the country. Apologies for the long rant and post. I promise not to go into the fine print in homeowners and fire insurance policies.

Thanks for good info, #5. And best wishes to TQ and TK on getting insurance. But, it would seem that their fire defense system and plan may prevent ever actually needing insurance. We have never even tried to get fire insurance for our Colorado mountain vacation cabin. About 40 miles to a fire dept, no hydrants, I doubt that they'd do anything but shake their head, so never even asked. In 2018 the forest fire crews did an outstanding job, saved many homes, but still the fire ran 16 miles, a quarter of a million acres and 140 buildings were burned. Our wooden cabin without mains power, and us not being there most of the time, not a lot to do. If we lived there, I'd have rainbirds on the roof run by our generator, now that we have a well. But we're 10 hrs drive away, minimum most of the time. Some things just can't really be fixed.