Southern Ca Wildfires

highfigh

highfigh

Seriously, I have no life.
So very true. Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion. Wells Fargo also expects similar insured losses and said the total economic hit from the disaster could be well above $60 billion.

Private forecaster AccuWeather estimated the damage and economic loss at $135 billion to $150 billion, portending an arduous recovery and a surge in homeowners' insurance costs.

And then you factor in the recent Hurricane Helene possible property and infrastructure loses are which are forecasted around $200 billion.

Someone has to pay for all of this and each year its just seems to get worst.
You're saying JP Morgan & Hell's Cargo didn't drop coverage for those homeowners? I have seen several articles stating that thousands lost coverage, but the CA Insurance Commissioner has issued a moratorium on this. State Farm is one company that cancelled coverage- cross that POS off of the list for future insurance policy consideration.

I have to think the companies that fill swimming pools could go to the reservoirs (Oro is at/above capacity) and transport water close to the fire zones to fill Fire Department trucks and for larger lines to fight the fires. Logistic nightmare, but it could help.
 
Mikado463

Mikado463

Audioholic Spartan
Like, Canadian water bombers aren't literally invading the US.
Your Water Bombers from Pq were on the news here last night and in particular the one damaged from the idiot flying his drone. Supposedly LAPD have the the drone in their custody, hopefully they track down the idiot that was flying it
 
GO-NAD!

GO-NAD!

Audioholic Spartan
Your Water Bombers from Pq were on the news here last night and in particular the one damaged from the idiot flying his drone. Supposedly LAPD have the the drone in their custody, hopefully they track down the idiot that was flying it
I hope so, too. The job is dangerous enough without having to deal with that.
 
cpp

cpp

Audioholic Ninja
You're saying JP Morgan & Hell's Cargo didn't drop coverage for those homeowners? I have seen several articles stating that thousands lost coverage, but the CA Insurance Commissioner has issued a moratorium on this. State Farm is one company that cancelled coverage- cross that POS off of the list for future insurance policy consideration.

I have to think the companies that fill swimming pools could go to the reservoirs (Oro is at/above capacity) and transport water close to the fire zones to fill Fire Department trucks and for larger lines to fight the fires. Logistic nightmare, but it could help.
JP Morgan Chase was not listed as one of the carriers in CA> All State, Farmers and USAA, were a few others
 
panteragstk

panteragstk

Audioholic Warlord
My co-worker is in LA and said fires got withing 3-4 miles of his house. It was a tense few days, but he said the wind isn't so bad so he should be good.
 
j_garcia

j_garcia

Audioholic Jedi
Not sure what else one would expect from him. ;)
Build a wall on the Canadian border? :D

JP Morgan Chase was not listed as one of the carriers in CA> All State, Farmers and USAA, were a few others
Most of the underwiters will no longer cover fire. There is now a state plan offered to those who were cancelled. Those cancellations were already happening as a result of last year's fires, which were actually far larger than these size wise, but damage wise (structures, homes, etc...), the LA fires are much, much worse already. One of my close friends lives in the foothills and his policy was cancelled. My parents have a lake house south of Yosemite, and that policy was also cancelled. I was just talking to my mom about it yesterday.
 
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cpp

cpp

Audioholic Ninja
There is now a state plan
Pretty much a lot of states have this type of "plan" in Fla we have Citizens Insurance, Louisiana Citizens Property Insurance Corporation, Texas Windstorm Insurance Association as examples, they are usually the State supported home insurance of last resort. I have Citizens for now. Until other companies come on board and ensure in my county
 
jinjuku

jinjuku

Moderator
The CL-415 is a remarkable aircraft. Has a payload approaching that of a B-17 (6,000 litres) and can take on that load in 12 seconds of skimming the surface of the water.

The succeeding model, CL-515, will have a capacity of 7,000 litres.
On the weekends they haul beer.
 
jinjuku

jinjuku

Moderator
I've ready stories were people call insurer after insurer to be declined for fire coverage.

That's like a message from God.
 
highfigh

highfigh

Seriously, I have no life.
JP Morgan Chase was not listed as one of the carriers in CA> All State, Farmers and USAA, were a few others
From your post which I replied to, "Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion.". I read that as them being one of the insures.
 
highfigh

highfigh

Seriously, I have no life.
The CL-415 is a remarkable aircraft. Has a payload approaching that of a B-17 (6,000 litres) and can take on that load in 12 seconds of skimming the surface of the water.

The succeeding model, CL-515, will have a capacity of 7,000 litres.
To be honest, that's really not a huge amount- I would have thought they carry more. It's a lot if it can slosh, but 7000 liters isn't much more than 15K pounds.
 
highfigh

highfigh

Seriously, I have no life.
Build a wall on the Canadian border? :D



Most of the underwiters will no longer cover fire. There is now a state plan offered to those who were cancelled. Those cancellations were already happening as a result of last year's fires, which were actually far larger than these size wise, but damage wise (structures, homes, etc...), the LA fires are much, much worse already. One of my close friends lives in the foothills and his policy was cancelled. My parents have a lake house south of Yosemite, and that policy was also cancelled. I was just talking to my mom about it yesterday.
I would take the same measures as if I wee building in a place where hurricanes are common- build in a way that makes the building far less likely to be damaged or destroyed by whatever calamity comes along. Harder to design for high level earthquakes, but none of my relatives in CA have had extensive damage from those, even though all of their houses are at least 50 years old. I would use non-flammable roofing, no chimney but if it had one, a cover could be flipped over the top. Roll-down window protection, steel doors and masonry exterior walls with a power shutoff to prevent excessive energy entering via the powerlines. Also, no trees or large evergreens near the house- if any tree falls, it wouldn't be close enough to do any damage.
 
highfigh

highfigh

Seriously, I have no life.
Your Water Bombers from Pq were on the news here last night and in particular the one damaged from the idiot flying his drone. Supposedly LAPD have the the drone in their custody, hopefully they track down the idiot that was flying it
I wouldn't be surprised to hear the pinhead say "But I have a right to see what's happening".
 
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