Los Angeles County: "F#@K YOU, PAY ME!"
(media.scored.co)
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It really doesn't matter. Nobody is going to be allowed to keep their land. Newscum was gleeing in front of the cameras talking about "speculators" wanting to buy swaths of land. If they don't take BlackRock's pennies, Newscum will invoke Eminent Domain and sell it for them. Oh, and Klaus Schwab tweeted that its a great opportunity to build "intelligent cities" from the ashes. Adam Carolla has also explained how impossible it was to get a build permit BEFORE the fires. Nobody is keeping their land.
They already waived permitting for rebuilding. Including their precious "Environmental Quality" ones. They also waived the Costal ones that protect public access to beaches.
But it's just as likely that these are moves to placate the public while letting BlackRock build even faster (and privatize public beaches) because normal people are going to get stuck in insurance hell.
Once again, they likely won't have the funds to rebuild and it'll only make sense to sell.
Insurers canceled policies because CA, in their infinite wisdom, mandated that insurers could not increase their rates due to the wildly known fire danger of CA's unmanaged tinder boxes formerly known as forests. CA also does not let state agencies outside of CA write policies to insure properties inside CA. CA is a walled off home insurance market, with significant government regulation that heavily affects risk underwriting.
I wonder what's to stop companies in other states to not use this as an excuse to hike rates? "Climate change affects every state! So give us money!"
They absolutely do, and only because the State or banks impose a requirement to have insurance. Insurance companies love nothing more than a "captive" market (i.e. hostages). In order to negotiate, you need to be able to walk away from the table. If you can't walk away, you're not negotiating, you're pleading for mercy. Give people the option to walk away and watch prices drop to a competitive average.