So much for climate change. That insurance company has been collecting money from these people for years, that's called mis management.
insurance companies should have their insurerers also.
That’s horrible what happened in CALI” I can’t even tell what the hell burned the Frame or structure of something 💦🙏💦💦💦
The insurance company should have insurance. So either you don't know that or they failed to do their due diligence therefore ended up failing. So then the premise should be beware of insurance companies.
Well looks like the state will help. Just pull it out of the welfare’s account. C’mon people u pay out to immigrate not legal so help the tax people for once. Really!
PSYCHICTWINS Trumps fault for cutting environmental protections. He can pay the bills
So what happens then ...sad so much devastation and deaths 😢
Insurance companies should sue the state of California for their poor forest management.
Ban insurance!
So republican. Insurer will want taxpayer bailout now.
For some reason, I don’t feel bad for the insurance companies!
Where’s all the damn money people pay into insurance. Insurance is such a fkng scam
That's the risk of being an insurer.
Insurance is a scam. A fraud. It prevents people from receiving all forms of care. You have no insurance. Oh well sit on the curb and die. GREED
Financially ruined an insurance company ? Music to my ears 👍
I knew it will happening, insurance companies can't sleep well after Campfire burnt all luxurious residential area there
I told my wife that was part of the plan all the time. Too many fires starting at the same time, hundreds of miles away.
Much like hurricanes did here in Florida.
How much do you want to bet the board of directors for this company are also shareholders
The Liquidation Order authorizes and empowers the Commissioner, through his Conservation & Liquidation Office, to liquidate Merced and its assets for the benefit of Merced’s policyholders, claimants, creditors, certificate of contribution holders and shareholder
Ha boo hoo. Insurance companies rob us every month and conveniently they don't have the funds to pay... Insurance is the biggest scam
How is that even possible.. You are supposed to be able to cover your claims, hence the description: insurance
Whhhhhaaaaaattttttt
Sounds like they failed at business, then...
Well run insurance companies have policies themselves that cover huge unexpected payouts. It's called reinsurance.
Why? Didnt these people pay millions in premiums PONZI SCHEME!! Where did the premiums go?
Insurance companies should sue state of California for remuneration, since it was JerryBrownGov that acted against the State and their best interests.
So then exactly what were the insurance companies doing with the billions of dollars that they collected in premiums? This smells like that bullshit, once again!
Yeah but the dems worry about illegal immigrants instead .....
Geez shouldn't insurance co. be required to have enough in reserve like a casino to cover all losses?
Are you telling me that everyone in that town was insured by the same company?
That’s the fault of the insurance company, not the policy holder. They should B arrested 4 fraud. They promised a service they can’t deliver on. This should serve notice 2 all insurancecompanies who do this. If U can’t cover the policy 4 all your customers ur committing fraud!
Wow! I guess they should have had an insurance policy on their insurance company 😒
That's not the payees' or beneficiaries' problem! They'd better scrounge-around and find a few shekels, pounds, lira, francs, pesos, forints, euros with which to honor their contractural commitments!! NO EXCUSES!!
That was really a terrible incident.
It’s Kalifonia, if they stopped paying millions to illegal aliens they might have enough in emergency relief funds to help the true Americans of that country.
And this is how climate change will become an issue with congress: insurance company loses money.
Tough shit pay up.
We are really sad to see what happened in Cali. Cali deserves development, advanced foundations and system to avoid kind of these accidents in the future.
rip
Well it is Cali. Tell them to live on the streets along with their other Americans they live with.
Unable to pay? They get paid and when it's their turn they can't.
I’m sure California will step in and bail them out, it’s the right thing to do 👍🏻
Got em !!!!! So what’s the sole purpose of insurance if they can’t pay for it either... waste of money. Thanks government for making me have insurance wasting money.
That's what governments for, it's not a third world government. THEY HAVE TO FUND A PAYOUT BILL for the insurance companies. This is why Norway and Switzerland has the highest HDI in the world. Efficiently ran mixed economy.
My heart bleeds - NOT. Insurance companies take money off people to provide insurance, charge a fortune and most times never have to pay a claim. They should of spread the risk.
They insurance should’ve had insurance.
California's bad management at work, still affecting thousands.