
California’s largest insurer, State Farm General, is seeking a 22% rate hike after $7.5 billion in wildfire losses. For insight into how climate change could impact coverage nationwide, Jeremy Porter, Head of Climate Implications at First Street, joins “CBS Mornings Plus.”
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Insurance companies just price gouging so they can maintain their profits. They want you to pay but they don't want to pay you when the time comes. They have to do their jobs so they want us to pay to maintain their profit margin.
You can hire a private fire company to protect your home. The neighbors that did in the Palisades still have their homes. Those who relied on Los Angeles Fire ended up with no water, crew, or answers.