Loading ...California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies — which will in turn pass the costs along to homeowners — the first such move in more than three decades.
https://calmatters.org/economy/2025/02/homeowners-insurance-costs-rising-in-california-fair-plan/
LA appears to be moving full-speed ahead on development of “Smart City 2028” on the destroyed areas of recent fires. It “seems” that homeowners are not yet fully back on their properties or able to rebuild as the RE industry salivates at the prospect of turning the entire area into 15 minute cities (per WEF globalist agenda).