The spiraling cost to rebuild could overwhelm the California Fair Plan, the decades-old, government-created insurance safety net.

A little-noticed rule change last year by California’s insurance regulator will likely shift a large chunk of the cost of the Los Angeles wildfires to homeowners across the state. Pushed by insurers, the change puts California homeowners on the hook to pay directly toward the cost of rebuilding from very large disasters through even fatter insurance bills—whether they were exposed to the L.A. fire or not.

“That would be a huge wake up call for Californians because they have no idea that the rules have changed,” said Dave Jones, a former California insurance commissioner.

The rules change means insurance companies can bill their customers if they are forced to bail out the plan, which has an estimated $200 million in cash and $2.5 billion in reinsurance, according to data it reported last year. That is likely not enough to cover the Fair Plan’s share of the losses from the fires.

https://archive.is/1iFdU#selection-2595.0-2599.85

AND

California Celebrity Realtor Confirms LA Fire Landgrab Incoming!

https://www.infowars.com/posts/california-celebrity-realtor-confirms-la-fire-landgrab-incoming