California E&S Insurance

I saw @james wise thread on the fires in general but here are some other thoughts now that this has grown , I think it's important and very interesting... a) What will happen with CA insurance? They already lost some major players due to the state capping rates https://www.foxbusiness.com/lifestyle/california-insurance-c... will all insurance companies stop coverage, raise rates or reduce what they cover? b) How do they (Cali Govt) deal with the damage, both in terms of who gets the blame and also where do they get the money? Biden has promised money for 6 mos, but he won't be President in 8 days. And does Congress approve this spending? WIll Trump continue the support? 100% for 6 months is a lot of money. c) I and friends have quite a few Real Estate contacts in California. They are saying that they are 'beseiged' with calls from LA County residents wanting to relocate out of state....to AZ (mostly). How does this impact AZ Real Estate and other states that will get new residents from this disaster? d) What happens to Cali's economy? They were already $75 billion in the red (IIRC) and now this....Even with Federal money, the state is going to have to chip in a lot of $$$ and they just don't have it. e) I saw US Senators this am on TV promising to assist with aid to CA, but ONLY if CA changes it's policies towards, water acquisition and Forestry Mgmt. The state will balk, the CCC and Sierra Club will sue, but can they afford to with a disaster of this magnitude?

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  "thread_id": "1225886",
  "thread_title": "Thoughts on the California fire repercussions",
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