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Opinion | Insurance Companies Are Quietly Fleeing California

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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.

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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.

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