It’s fucking nuts. What’s the wildfire hazard in the midst of the concrete jungles of the LA basin?
My bet is that it’s mostly about the reinsurance market, State Farm taking broad brush action to reduce risk as a stipulation of the reinsurance folks (this is what’s been occurring for over a decade, but State Farm’s action is the most severe), and the slowness of the state to get boots on the ground and get shit done (and better coordinate with the reinsurance industry to mitigate risk of existing building stock).
I’m always optimistically hoping that something like this will be the tipping point for the state to take more action and get their shit together.
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