The LA Fire Department showed up and could have completely extinguish it but was not allowed to put it out completely because of laws protecting certain plants, per the in-depth report by the New York Post. A few days later, the Santa Ana winds arrived as expected, re-ignited the smoldering embers and the resulting fire destroyed Palisades.
The reservoir was empty. Fire hydrants didn’t work. Funding for the LA Fire Department was cut by the mayor and city council.
But laws prevent collecting from government entities. Imagine if a private sector entity had been this incredibly negligent. Oh, wait! Lawsuits against Pacific Gas and Electric are already filed. Because, because . . . ?
I agree with the reform or elimination of regulations from Proposition 103. This proposition just benefitted the attorneys and actuarial firms that made money off of intervenor fees paid by companies and ultimately consumers. The regulations also reduced capacity in the market by not allowing insurers to properly price and underwrite risks in a timely manner.
It would not be prudent to extend liability to government entities. At the end we all pay and the extra liability does nothing to help the overall situation. The downside of extra litigation is that 35% to 40% of all rewards go to trial attorneys rather than any potential fire victims.
Prop. 103’s purpose was to lower Personal Auto rates; Personal Fire/Homeowners rates were thrown in, although no one was complaining about their Fire/Homeowners rates back in 1988. Yes, the Intervenors took advantage of it to make money. I’m not defending 103, nor am I defending Intervenors. The part of 103 that had hampered the Industry & the CA Ins. Comm. from tweaking the rate request system has now been handled by the Sustainable Insurance Strategy (SIS). Farmers just indicated they will submit a rate request using the new rules. I hope other carriers do the same. We need to get millions of homes off of the books of the CA FAIR Plan. We also need to get rid of CA Ins. Comm. Lara, which Gov. Newsom’s now trying to do, as Lara’s the one who wrongly allowed the carriers to use the CA FAIR Plan as a market of first resort, vs. as a market of last resort. There’s plenty of reinsurance and plenty of catastrophic reinsurance begging to be used. I urge all carriers to put in their rate requests under the SIS rules, which allow for profitability.
The fire was started by an arsonist.
The LA Fire Department showed up and could have completely extinguish it but was not allowed to put it out completely because of laws protecting certain plants, per the in-depth report by the New York Post. A few days later, the Santa Ana winds arrived as expected, re-ignited the smoldering embers and the resulting fire destroyed Palisades.
The reservoir was empty. Fire hydrants didn’t work. Funding for the LA Fire Department was cut by the mayor and city council.
But laws prevent collecting from government entities. Imagine if a private sector entity had been this incredibly negligent. Oh, wait! Lawsuits against Pacific Gas and Electric are already filed. Because, because . . . ?
I agree with the reform or elimination of regulations from Proposition 103. This proposition just benefitted the attorneys and actuarial firms that made money off of intervenor fees paid by companies and ultimately consumers. The regulations also reduced capacity in the market by not allowing insurers to properly price and underwrite risks in a timely manner.
It would not be prudent to extend liability to government entities. At the end we all pay and the extra liability does nothing to help the overall situation. The downside of extra litigation is that 35% to 40% of all rewards go to trial attorneys rather than any potential fire victims.
Prop. 103’s purpose was to lower Personal Auto rates; Personal Fire/Homeowners rates were thrown in, although no one was complaining about their Fire/Homeowners rates back in 1988. Yes, the Intervenors took advantage of it to make money. I’m not defending 103, nor am I defending Intervenors. The part of 103 that had hampered the Industry & the CA Ins. Comm. from tweaking the rate request system has now been handled by the Sustainable Insurance Strategy (SIS). Farmers just indicated they will submit a rate request using the new rules. I hope other carriers do the same. We need to get millions of homes off of the books of the CA FAIR Plan. We also need to get rid of CA Ins. Comm. Lara, which Gov. Newsom’s now trying to do, as Lara’s the one who wrongly allowed the carriers to use the CA FAIR Plan as a market of first resort, vs. as a market of last resort. There’s plenty of reinsurance and plenty of catastrophic reinsurance begging to be used. I urge all carriers to put in their rate requests under the SIS rules, which allow for profitability.