"Right now [California insurer of last resort FAIR] is facing $340bn in exposure against just $250m in cash, so a single $8bn fire around Lake Arrowhead would wipe it out" yikes
"The coastal homeowners and the private insurance companies and the reinsurance companies and the state governments are all looking at one another to rescue them, without acknowledging that they are all in the same sinking ship. The real solution is to deal with climate change, which will be a long global struggle. But even on a slightly more practical level than that, this is at minimum a federal government problem."
this is hell. we live in hell
sam and tega. very good