Great read: “The FAIR Plan's solvency will be sorely tested by claims stemming from these fires, and it is unclear what will happen if that insolvency cannot be staunched. As a nation, we may have to finally decide whether to act to shore up, change, or eliminate the structures that made this bet.”
Reposted from Susan Crawford
California's state insurer of last resort, described by a state legislator: "It feels like a big gamble in many ways. Quite frankly, if this were on Wall Street, I'm not sure you'd be able to get away with this."
susanpcrawford.substack.com/p/what-happe...

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