Opinion | Insurance Companies Are Quietly Fleeing California

  • 📰 WSJ
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

From WSJopinion: Insurance may soon join droughts, fires, floods, infrastructure, traffic congestion, homelessness and crime among California’s many crises, writes StevenGreenhut

Review & Outlook: Despite regular power shortages in California, on Sept. 16, 2022, Governor Gavin Newsom signed 40 new climate bills to amp up California’s green-energy shock experiment. Images: Shutterstock/Getty Images Composite: Mark KellyThe words “California” and “crisis” seem to go together as the state bounds from one intractable problem to another. The recent spate of flood-level storms in Northern California brought attention to the Golden State’s ailing levees.

It would never dawn on the state’s political leadership to invest in infrastructure improvements before near-catastrophic failures stressed levees to the breaking point. Nor would it occur to them to invest in water infrastructure. Shortly before the storms, which brought nearly as much rain in three weeks as California had experienced in a year, the state was already facing another weather-related crisis: a mega-drought that led to water rationing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

opinion StevenGreenhut Insurance companies should investigate weather seeding

opinion StevenGreenhut Greenhut is a mouthpiece for R Street a hard right self entitled greed machine that wants all tax dollars going to the wealthy and wants a healthy 99% of Americans suffering the pain of not making the cut.

opinion StevenGreenhut Should there be an FDIC-like program for home insurance?

opinion StevenGreenhut AVesgaM

opinion StevenGreenhut We should self insure with the Government. If insurance companies won’t stand up who needs them?

opinion StevenGreenhut They already fled our neighborhood for fires ten years ago. California had to create a state funded fire insurance (as stated in article) and we got dropped by two different carriers. Politics impacting life.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden administration hopes to boost housing market by cutting mortgage insurance premiumsWASHINGTON (TND) — Higher mortgage rates have put many Americans' home-buying dreams on hold but relief could be on the way to save buyers some money. Government policy causes high interest rates . Government proposes policy to combat government policy outcome. Sixty-five bucks a month on your $3,000 mortgage will make a big difference. 😂 Stop letting 2 Million illegals into the country, On top of the 1 Million we let in legally...
Source: komonews - 🏆 272. / 63 Read more »

Insurance sector also taking a beating as bank stocks keep selling offThe crisis of investors confidence in banks has spilled over to the insurance sector, which has taken a beating in the past week. The SPDR S&P Insurance... people can't afford rent or food how can they afford insurance
Source: MarketWatch - 🏆 3. / 97 Read more »

Flowers Insurance Agency announces mergerFlowers Insurance Agency announced last week that it has entered into a merger agreement with Where Relationships Matter (WRM) Group, LLC. Hugh Jr/ needs to hit the sauna and wirlpool his daddy looked better at 85/ Ican say that he is my big brotha hit the trail Trip/ tell him MJB Said so/
Source: dothaneagle - 🏆 337. / 59 Read more »