Quote:
Originally Posted by ZNPaaneah
In the aftermath of California's wildfires, homeowners who live in fire-prone areas have struggled to renew their insurance policies with companies that cannot, or refuse to, pay. Now, a Central Valley company has gone out of business after failing to pay out claims to the thousands of people who lost their homes in the Camp fire.
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I wondered about their insurance coverage.
I saw big insurance collect premiums for 35 years, and when hurricane Andrew hit South Florida, they ran like cockroaches when the lights come on.
It's a mini west coast A.I.G.
FEMA has The National Flood Insurance Program, for private and public properties in areas where private insurance companies won't cover. That program has lost a lot of taxpayer money. But it provides coverage.
I doubt FEMA has a program like that for forest fire victims.
Maybe FEMA should offer climate change insurance.