A Do Not Drink Notice was issued because structures in Pacific Palisades were destroyed by fire, and some areas in the water distribution system lost pressure. These conditions may have caused harmful contaminants, including benzene and other volatile organic chemicals (VOCs), to enter the water system."
The California Department of Insurance has taken some steps in the right direction by promulgating new rules to permit consideration of catastrophe models and the cost of reinsurance for those insurers who agree to write a significant amount of business in wildfire-exposed areas,
It’s year-round in the state of California,
There’s been a mass exodus of big players from the market in these parts of California,
By and large, insurers writing homeowners insurance in California are financially strong and should not face any serious concerns about solvency,
Maybe there isn’t the coverage in place, to cover everyone unfortunately,
We’ve seen enormous non-renewals recently,
It is inevitable that home insurance for every single homeowner in California will increase. The California FAIR Plan does not have enough funds for the potential liabilities and the payouts that will have to come for this recent fire."
Modernizing the FAIR Plan is a crucial step in our strategy to stabilize California's insurance market. By strengthening the FAIR Plan while providing financial stability and solvency protections, we are creating long-term security for consumers, homeowners, and businesses across the state that is long overdue."
The premium for this policy is also decided based on the property's market value,
Californians shouldn't be punished yet again, even more at the federal level. They need help. We need to bring the aid right now. Hopefully without any conditions because wildfires, natural disasters—they don't discriminate. They will destroy anything in their path. When firefighters are running into the harm's way to save lives, they don't care if it's a Republican or a Democrat they are saving."
I don't mind sending them some money, but unless they show they're going to change their ways and get back to building dams and storm water, doing the maintenance with the brush and the trees, everything that everybody else does in the country, and they refuse to do it, they don't deserve anything, to be honest with you, unless they show us they're going to make some changes."
Obviously, there has been water resource mismanagement...mistakes, all sorts of problems,
I'm not meeting Democrats. I'm not meeting Republicans. I'm not meeting Californians. I'm meeting American citizens desperate in need. What they need is empathy, care, compassion, understanding. They need support, not rhetoric. Not strings attached."
In response to these concerns about inflated rental prices, California has implemented a restriction on rental increases for property owners currently offering leases, aiming to prevent excessive price hikes during this critical period. There is no restriction, as of yet, on the advertised lease price of new rental homes on the market."
Buyers will likely be hesitant to purchase a home in high-risk areas in the wake of the recent fires. Homes that are either built with fire-prevention in mind or are located in areas where the fire risk is lower will draw buyer attention as high-earning households continue to purchase high-dollar real estate in Los Angeles. Preventing future fire damage and protecting their home will be front-of-mind for home shoppers in the wake of recent events."
Surge in demand from both displaced homeowners and investors, coupled with substantial insurance payouts, has led many to predict that the rental market will experience significant inflation, resulting in unusually high profits,
Like much of the US, California is facing an acute housing shortage ... The wildfires themselves are also making housing more expensive. After a town burns, builders come in and construct new homes, which are typically more expensive. And homeowners who stay frequently invest in making their homes more fireproof, which increases property value."
Our task force has been involved with far too many cases of utility companies not using good judgment and failing to comply with the laws, policies, and ordinances that are in place to protect and preserve our finite natural resources."
[This ... This project is] essential in regards to our wildfire mitigation plan."