Quotes
Even if you get the full amount of housing assistance, that's not going to rebuild a house.
Madison Sloan, director of the disaster recovery and fair housing project at Texas Appleseed, emphasized the limitations to WSJ.com We’re in the very early stages of this disaster,
This will be the costliest wildfire in California modern history and also very likely the costliest wildfire in U.S. modern history, because of the fires occurring in the densely populated areas around Los Angeles with some of the highest-valued real estate in the country,
said Jonathan Porter, the private firm’s chief meteorologist To put this into perspective, the total damage and economic loss from this wildfire disaster could reach nearly 4% of the annual GDP of the state of California,
AccuWeather's Porter said The scale and intensity of the blazes, combined with their geographic footprint, suggest a staggering price tag, both in terms of the human cost and the economic toll,
That is a demographically well-off area. When their only alternative is to get the FAIR Plan, you have to wonder what happens to people who don't have the same resources,
says Michelle Meyers, an insurance litigator with Singleton Schreiber in Sacramento This will probably be the largest number of people uninsured or underinsured during a massive catastrophic event like this,
Diane Delaney, executive director of the Private Risk Management Association, told The New York Post The acceleration in ferocious weather events... should trigger awareness that actually things do need to change,
While leading U.S. property insurers are in good financial condition, the California property insurance market has been challenging ... leading many insurers to re-think their product offering, including an outright exit from the market,
Morningstar DBRS wrote in a client note, Reuters reported
