Expect the cost of insurance to rise, or taxes to go up. Or both! An excerpt: Earlier this month, JPMorgan estimated the fires around Los Angeles had inflicted $50 billion in losses, of which only $20 billion were insured. One reason for the gap: State regulators have...
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Instead of insuring the rebuild after a fire, it is in everyone's best interest to find ways to prevent homes from burning down. The Bel Air Fire of 1961 led to the banning of the wood-shake roof, and homes built today have little or no overhanging eaves and what they...
The first responders have done an incredible job evacuating so many thousands of people at a moment's notice. It will be one of the major stories of this fire because of how few casualties there are - it's been a miracle. How you can help: You can support the Red...
Jackie said I should do a post on the fires, but I don't have any personal knowledge of what's happening or have anything to add to what we are seeing on television. But I'll add a couple of thoughts. The Cost of Insurance Will Increase Dramatically - If You Can Get...
This video was just published three days ago (this is the shorter 45-minute version): ?
The WSJ recently highlighted the fire-insurance problems in California - excerpts: Worried about wildfire exposure and frustrated by state regulations, insurers in California have been cutting back on their homeowner businesses. Now, affluent homeowners are feeling...
Whether is be fires, earthquakes, floods, or nuclear attacks, we are all susceptible to being in a disaster zone. How does it affect real estate? Let's keep an eye on the recent fires to gauge what we might expect if disasters came our way. I mentioned in a tweet...
