this post was submitted on 11 Jan 2025
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659
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire (www.cbsnews.com)
submitted 1 day ago by Track_Shovel@slrpnk.net to c/news@lemmy.world
178 comments fedilink hide all child comments
 

Perhaps the most interesting part of the article:

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[–] Wahots@pawb.social 1 points 4 minutes ago

Absolutely sucks, but these are also some of the wealthiest homeowners in the US. Cut your losses and move to less vulnerable areas. Nobody should be building homes in flood plains, lake beds or fire prone areas, particularly the ultra-wealthy. Save FAIR for normal folks and low income families.

[–] A_Random_Idiot@lemmy.world 52 points 8 hours ago (3 children)

wow, its almost as if we should cut off the heads of insurance CEOs and nationalize them all into one low cost government plan thats paid for with pennies on the dollar in taxes.

lol, who am I kidding. Idiot Americans will always prefer paying 3000 dollars for bad coverage, rather than pay 100 in taxes for great coverage.

[–] Yawweee877h444@lemmy.world 12 points 5 hours ago

You had me at cutting off the heads of CEOs.

Guillotines go brrrrrrrrr

[–] derf82@lemmy.world 23 points 7 hours ago (5 children)

With climate change, there is no option for “low cost” plan, government or no.

You can’t constantly have massive losses like these fires in a single area all paying out claims and expect to pay them off with low premiums.

[–] Filipdaflippa@lemmy.ml 1 points 23 minutes ago

Yeah the point flew way over that guys head

[–] Sanctus@lemmy.world 16 points 6 hours ago

I haven't seen it in the comments yet but this is just the death spiral of climate change. Everything will just get worse from here on out as long as society operates the way it does. To everyone's "surprise" I'm sure.

[–] solstice@lemmy.world 4 points 6 hours ago

Yeah, I really do wonder when the government and rest of the people start to seriously consider if it is worth it dropping $50 billion on places like SoCal and South Florida every few years or so. At some point you need to do the math and ask hard questions about whether it is worth it, and the answer damn well may be no.

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[–] caboose2006@lemm.ee 5 points 6 hours ago (1 children)

Or, you know, tackle climate change. But both are equally unlikely.

[–] kent_eh@lemmy.ca 2 points 5 hours ago (2 children)

You'd think that insurance companies would be on the forefront of pushing climate change mitigation and prevention specifically because the impacts of worsening climate change will have a massive impact on their bottom line.

Maybe they can counter some of the petro company propaganda with their own marketing.

[–] TehWorld@lemmy.world 2 points 13 minutes ago

They’re in the business of making money, not fixing problems. It’s easier to just pull out of an unprofitable area than fix the Republican party’s head-in-their-ass ideas about climate change.

[–] Unpigged@lemmy.dbzer0.com 15 points 7 hours ago (1 children)

I think the curious aspect of this is that business is absolutely aware, and acknowledges existence of the climate change.

[–] kent_eh@lemmy.ca 2 points 5 hours ago

They should be putting in effort to reduce climate change impacts. It's in their financial interest, even if they have no capability to have a moral motivation

[–] Omgboom@lemmy.zip 40 points 9 hours ago (1 children)

[–] Bacano@lemmy.world 7 points 6 hours ago (1 children)

Someone should adjust the silhouette to look like Mario bros Luigi

[–] gabereal@sopuli.xyz 6 points 5 hours ago (1 children)

The exposure isn't quite right and there are artifacts, but I am not a graphic designer so 🤷

[–] Bacano@lemmy.world 4 points 4 hours ago* (last edited 4 hours ago) (1 children)

It's beautiful lol, your skills are apt. I meant the Batman on the building silhouette but this is equally cool

[–] gabereal@sopuli.xyz 2 points 34 minutes ago

I meant the Batman on the building silhouette

Aww dammit 😅

[–] Gammelfisch@lemmy.world 6 points 8 hours ago (1 children)

The insurance companies gotta keep their shareholders happy. That is the number 1 priority and fuck the customer.

[–] IMALlama@lemmy.world 2 points 5 hours ago

I completely get the eat the rich mentality. At the same time, it really doesn't make sense to rebuild some of these places. We're all paying for it one way or another.

/a rub living in a flyover state that's very boring from a climate change perspective, at least so far.

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