First of all, I feel for everyone who has lost a loved one, a friend, their home or their belongings in the terrible fires raging in California, USA. I hope that everyone who is entitled to compensation actually receives compensation.
Unfortunately, I am convinced that at least a couple of insurance companies will not survive this, which means that there are policyholders who will not receive any compensation. Regardless, large amounts of value will be lost because insurance companies always write down the value.
I wonder how understanding the residents of Los Angeles will be when they realize that they will personally lose large amounts of value due to the lack of dams, fire hydrants, etc. These have not been a priority issue in favor of DEI, which has resulted in many fires not being stopped or contained. My personal experience is that people are willing to signal goodness until it affects them themselves.
I believe we will soon see demands for the resignation of both the governor, mayor and fire chief.
AI generated image with Grok
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