The wildfires scorching the region around Los Angeles are likely to be the most expensive in history. But, future climate change-related disasters will certainly top them in cost. Here are some steps…
They just need to not allow any insurance cancelations on policies paid up and only rebuild not fire resistant homes, cement, metal roofs are a most, metal shutters on all windows.
The reason why a lot of California homes are built with lumber is that more fire resistant materials like bricks and cement collapse during earthquakes.
And cap insurance profits & executive compensation instead of premiums. A cap on premiums makes insurance non-viable even for a non-profit if the risk is too high, while a cap in profits lets it be valued appropriately. The cap on executive compensation is needed because without that they’d raise premiums excessively & pay themselves the extra instead of accumulating that as company profit for their stock price.
They just need to not allow any insurance cancelations on policies paid up and only rebuild not fire resistant homes, cement, metal roofs are a most, metal shutters on all windows.
The reason why a lot of California homes are built with lumber is that more fire resistant materials like bricks and cement collapse during earthquakes.
And cap insurance profits & executive compensation instead of premiums. A cap on premiums makes insurance non-viable even for a non-profit if the risk is too high, while a cap in profits lets it be valued appropriately. The cap on executive compensation is needed because without that they’d raise premiums excessively & pay themselves the extra instead of accumulating that as company profit for their stock price.