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re: Reports indicate $50 Billion in estimated damage in Los Angeles fires

Posted on 1/9/25 at 8:32 am to
Posted by Penrod
Member since Jan 2011
52371 posts
Posted on 1/9/25 at 8:32 am to
quote:

I guess we found the State Farm Agent on the board.

No, nor do I use them. But I get pissed at the notion that private companies should sacrifice themselves to pay for the foolish decisions of customers and governments.
Posted by Cage Fighter Trainee
Member since Aug 2024
246 posts
Posted on 1/9/25 at 8:35 am to
As shitty as State Farm has turned into, they are still a for-profit company and not a charity. They pulled out because the risk was too high like it is along the Gulf Coast. Whenever they cancel a policy, they let the insured know ahead of time especially in CA where insurance regulations are ridiculous.

Also, State Farm has no shareholders. It is a privately owned company
Posted by RollTide4547
Member since Dec 2024
3585 posts
Posted on 1/9/25 at 8:37 am to
quote:

Was thinking even more


If 1000 buildings have been lost. A 50 Billion price tag would be an average of 50 Million per building. Not sure the average building will be 50 Million.
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
7460 posts
Posted on 1/9/25 at 8:39 am to
It’s a setup for a grift. Always about the $.
Posted by RollTide4547
Member since Dec 2024
3585 posts
Posted on 1/9/25 at 8:50 am to
quote:

Always about the $.


True. Plus the regulations will make it almost impossible for people to rebuild. This will allow politicians "friends" to buy the land....
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