Wildfire-prone CA to consider new rules for property insurance pricing, commissioner announces

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  • čas přidán 5. 09. 2024
  • The day started with Gov. Gavin Newsom signing an executive order urging Insurance Commissioner Ricardo Lara to take swift action to address issues with the insurance market, and swift he was. This afternoon, the commissioner announced a major overhaul of California's property insurance regulations.
    abc7ne.ws/451mWDI
    #insurance #california #overhaul #regulation #pricing #abc #abc7news

Komentáře • 85

  • @stephaniekerr
    @stephaniekerr Před 11 měsíci +44

    How about following the rules for forest husbandry and instead of using federal money earmarked for land conservation to fund braindead policies, use it to manage the forests? What a concept!!

    • @kated9914
      @kated9914 Před 11 měsíci +4

      California does manage it's forests. Is there something specific you believe isn't being done?
      Do you think the government should start managing private property as well?

    • @conversekidz
      @conversekidz Před 11 měsíci +4

      @@kated9914 yeah...we need to start raking the forest so we don't have fires!

    • @Nicks_Pix
      @Nicks_Pix Před 11 měsíci

      @@kated9914 What a complete bullshit answer. California most certainly DOES NOT manage it's forests.
      "Do you think the government should start managing private property as well?"
      Stop masquerading as someone who distrusts the government, obfuscating left wing bootlicker.

    • @wildamerican2771
      @wildamerican2771 Před 11 měsíci +1

      @@kated9914It’s been reported by numerous sources that California slashed its budget for forest management years ago.

  • @jasziegl8983
    @jasziegl8983 Před 11 měsíci +15

    The insurance industry wants to make bets but not pay out when they lose.
    Fair, but they deserve to get the same treatment you would get in a western saloon for cheating at cards.

  • @josephpeluchette191
    @josephpeluchette191 Před 11 měsíci +8

    Literally charging the people for bad gov forestry policy

    • @AAA-tk8sk
      @AAA-tk8sk Před 11 měsíci

      As long as they don't charge THE REST OF THIS COUNTRY, I DO NOT CARE!!!

  • @TAL142
    @TAL142 Před 11 měsíci +11

    I have never seen insurance company lower their rate. They always find ways to increase rate year after year. And those are reasonable rate hike? Who knows? We don't get reasonable pay hike especially those retired.

    • @christianramos4645
      @christianramos4645 Před 11 měsíci

      Rates will go down when annual rates of auto theft and accidents go down

  • @joshcourt1393
    @joshcourt1393 Před 11 měsíci +5

    Glad I left that dumpster fire in 2020

  • @davidwright873
    @davidwright873 Před 11 měsíci +9

    of course!!! EVERYTHING costs more!! EVERYTHING!!

  • @alfonsoalfonso5254
    @alfonsoalfonso5254 Před 11 měsíci +13

    Raising cost on home owners, is helping citizens? More profits for stock holder and top executives. Insurance corporations, believing why should you have their money in YOUR POCKET. Our career politicians work for billionaires and stock holders, I forgot politicians will also profit. THE CITIZENS WILL PAY POLITICIANS STOCK PROFITS. Keep re-election politicians back in office. Many career politicians are multimillionaire that’s right MULTIMILLIONAIRE.

    • @TOOMUCHSAUCE91
      @TOOMUCHSAUCE91 Před 11 měsíci

      This message should be relayed to any alien ever wanting to land in California.

    • @thisisme3238
      @thisisme3238 Před 11 měsíci +1

      ​@@TOOMUCHSAUCE91Better yet, any alien who wants to land anywhere in the USA. 🇺🇲 If this passes in Cali, it's just a matter of time for the rest of the country to see the same situation.

    • @cloud9rkd
      @cloud9rkd Před 11 měsíci +1

      This happens when you elect people from the same political party in every election. California badly needs a change in its leadership.

    • @landkruiser1095
      @landkruiser1095 Před 11 měsíci

      Kalifornia is a failed state anyways. Why any sane person would want to live there is beyond me.

  • @txcountryboy
    @txcountryboy Před 11 měsíci +4

    How do they classify fires since we are learning they are NOT natural at all

    • @briansearle6868
      @briansearle6868 Před 11 měsíci +1

      huh? ummmmm I quite literally live in the area that gets the most of the big wildfires in California and 95% are caused by lightning and get out of control cause California spends the money they receive from the feds to manage the forests on things like climate policy instead of preemptive action like back burning in the early spring and late winter. They actually did a little bit this year but it was nowhere near the amount that was needed. And yes California is in charge of the policy that goes into the National Forest Management here in California. Been that way since the 30's.

  • @SourBogBubble
    @SourBogBubble Před 11 měsíci +13

    You get the politicians you deserve. AKA voting

    • @califdad4
      @califdad4 Před 11 měsíci

      I keep being hopeful it will change and elect decent legislators

    • @exposenetworklimited4497
      @exposenetworklimited4497 Před 11 měsíci +1

      You say that but many of us didn’t vote for this… soooo sick of people like you saying that when it’s not the truth! Even if all Americans voted for one president the electoral college can over rule that sooo you’re 1000000% wrong

  • @justinesagan178
    @justinesagan178 Před 11 měsíci +3

    My god the cost of living is already unaffordable. Insurance should cost less not more! Cant wait to leave this stupid state!

    • @nestlesucks
      @nestlesucks Před 11 měsíci

      I don’t think insurance is much better anywhere else

    • @jimba6486
      @jimba6486 Před 11 měsíci +1

      Insurance costs more because the costs to buy products and services with insurance, cost more !

  • @dennismartin3356
    @dennismartin3356 Před 11 měsíci +3

    How does a governor make laws that burden the people with out going thru state legislatures.

    • @ih8paper
      @ih8paper Před 11 měsíci

      He’s got money to be made on this.

  • @Stutterstun
    @Stutterstun Před 11 měsíci +2

    Wait a minute... the insurance lobbyist fought for this, so how is the commissioner spinning this as a tool to help Californians

  • @corneliusdinkmeyer2190
    @corneliusdinkmeyer2190 Před 11 měsíci +1

    WTH??????? How is anyone supposed to afford living here?????

  • @mikegines1222
    @mikegines1222 Před 11 měsíci +6

    Ca. Needs to do some forest management of their own. Some mountain needs to do some forest management and a tax for effected residents

    • @AAA-tk8sk
      @AAA-tk8sk Před 11 měsíci

      affected

    • @mikegines1222
      @mikegines1222 Před 11 měsíci

      @@AAA-tk8sk yes if you live in the mountains you need to clear a space around your Home as a fire break. When we had the huge fires 41/2 years ago Trump met with Newsom and told him that the state on their land need to do forest management so forest fires don’t get out of control. Trump even offered to help with the re building but needed Newsom to do some brush clean up first. Newsom did nothing but blame the fire on climate change

  • @AAA-tk8sk
    @AAA-tk8sk Před 11 měsíci +1

    Hey insurance companies, do NOT think for a minute that the rest of the country will supplement your rates to insure California!!! The state that won't cut back and clear its dead brush every single year to PREVENT FIRES!!!

  • @efunkyman6853
    @efunkyman6853 Před 11 měsíci +8

    democrats once again looking out for their constituents! 😂

    • @kated9914
      @kated9914 Před 11 měsíci +3

      What has the republican governor of Florida done for homeowners?

    • @John-fm3fe
      @John-fm3fe Před 11 měsíci

      ​@kated9914 how can you defend that bozo? I swear most people in California are mentally ill

    • @wesleypepple7525
      @wesleypepple7525 Před 11 měsíci

      @@kated9914 for one not making up stupid ass laws and taxing the citizens to death,people are fleeing Cali in record numbers are you slow or something

  • @ih8paper
    @ih8paper Před 11 měsíci +1

    A Governor should be winning victories for the people. This is super super dirty. Newsom has money to be made on this.

  • @txcountryboy
    @txcountryboy Před 11 měsíci +4

    Insurance should be like bail bonds. Only those who need it should have it. If you have a wreck or hone owner accident THEN you shop for an insurance policy. They pay for everything w a title, deed, or valuable as collateral and you pay monthly payments on that...thats the FAIR way to do it. Got safe drivers and responsible home owners that pay insurance for 30, 40, 50 years and never file a claim. All that money just given to some schmuck in an office...

  • @kmccree22
    @kmccree22 Před 11 měsíci +6

    If I hear " the climate crisis" or "climate change" 1 more time smh. They're running with this shit smh.

    • @quietlabour491
      @quietlabour491 Před 11 měsíci +5

      Got to scare people in to giving up their freedoms somehow.

    • @thisisme3238
      @thisisme3238 Před 11 měsíci

      That's how they plan to bankrupt American citizens .....it will be climate change fault. 🤔

    • @catherinemushaw1956
      @catherinemushaw1956 Před 11 měsíci

      Because Climate Change is true!

  • @rohmarts
    @rohmarts Před 11 měsíci +1

    Somebody is getting filthy rich.

  • @jrob3634
    @jrob3634 Před 11 měsíci

    Raising rates? Since when are insurance companies not profitable

  • @ForeverStapleton
    @ForeverStapleton Před 11 měsíci +10

    I work in insurance and love seeing the insurance crisis in California. Self inflicted and see hilarious to watch. California deserves every bit of this.

    • @goldenratio5117
      @goldenratio5117 Před 11 měsíci

      Sounds like a Shi**y job. but brag about it if that's the only thing that makes you feel better.

    • @rickybosephus2036
      @rickybosephus2036 Před 11 měsíci

      F8k off. We can't vote out the Democrats any more than the Palestinians can vote out the Israelis.

    • @kated9914
      @kated9914 Před 11 měsíci +3

      Isn't Florida in worse shape? What has that governor done?

    • @ih8paper
      @ih8paper Před 11 měsíci

      You’re sick to enjoy suffering of the people.

  • @magdacska
    @magdacska Před 11 měsíci

    Fixed the problem

  • @willbostonwillboston7636
    @willbostonwillboston7636 Před 11 měsíci

    The consumer watchdog person is sick.

  • @Robert-ug5hx
    @Robert-ug5hx Před 11 měsíci

    Isnt that convenient for Newson ,

  • @user-yv6nk6pn4n
    @user-yv6nk6pn4n Před 11 měsíci +1

    Gavin Newsom PANICKING Over His Kids Being Fans of Joe Rogan, Jordan Petersen, Tate

  • @cashrjr23
    @cashrjr23 Před 6 měsíci

    worst commissioner ever...I wish I could take my vote back

  • @magdacska
    @magdacska Před 11 měsíci

    Money……money…..money…….

  • @D__Lee
    @D__Lee Před 11 měsíci +1

    I was working in Florida when hurricane Andrew devastated Florida and even before Andrew made landfall, insurance companies were already declaring insolvency because the expected property claims were more than their $$$ reserves. The Florida governor and the state legislator have done very little to address the property insurance crisis. Today, private property insurance coverage is hard to find in Florida or the rates are exorbitant. Governor Newsom is trying to avoid what's happening in Florida. I hope it works. When private insurance companies abandon California (and they already have) like they've done in Florida, that's BAD NEWS for all property owners. If you think private insurance companies are bad, what until you have to deal with a state-funded & managed insurance company. With ALL the wildfires, flooding, earthquakes, landslides, and other natural disasters that have been happening more frequently in California, catastrophic losses are now the new "normal" for insurance companies. That's scary.

  • @Stealther
    @Stealther Před 11 měsíci

    Just ramming changes thru without a vote. California keeps being California.

  • @tigerz8174
    @tigerz8174 Před 11 měsíci +1

    Maybe Cali Government needs to go after PGE

    • @tigerz8174
      @tigerz8174 Před 11 měsíci

      @wesleyswafford2462 I am so sorry. They burned down my mother's, too; and they only got to raise prices for us to pay for it!!! Including maintenance of existing issues!!

  • @mclark2709
    @mclark2709 Před 11 měsíci

    Sure, protect the people that extort us and do 1/2 ass work when we need them.

  • @sapper9968
    @sapper9968 Před 11 měsíci

    I'm Gavin Newsom and I approve this message. Now to find a way to tax you on your insurance.

  • @georgecurtis6463
    @georgecurtis6463 Před 11 měsíci +1

    So now we have two loosing options. No ability to pay or loose ones home. Loose loose.

  • @Jason_The_Man
    @Jason_The_Man Před 11 měsíci

    Gavin Newsom is the single greatest disaster has ever experienced.

  • @dagabriel9416
    @dagabriel9416 Před 11 měsíci

    Lame

  • @covidpsychopath
    @covidpsychopath Před 11 měsíci

    LMAO RACKET SIDE SHOW.

  • @jimba6486
    @jimba6486 Před 11 měsíci +1

    This was not just a win for the insurance industry, it was a win for all CA residents. I am happy to hear this great news. Premiums must reflect the true cost of insurance. This is a great step in the right direction if implemented as shown, faster rate approvals, adding charge for the cost to reinsure (passing liability along to another company).

    • @AAA-tk8sk
      @AAA-tk8sk Před 11 měsíci

      Ha! You just watch as insurance companies raise rates ALL ACROSS THE COUNTRY JUST TO INSURE CALIFORNIA!!!!! I smell some lawsuits brewing if they do this!!!!!

  • @bryanb4379
    @bryanb4379 Před 11 měsíci +4

    All the more reason to move out of Commiefornia.
    It is sad to see how the modern democrat party can destroy a state that could be so great.