ippudu LA fires lo... Celebrity homes and roads bagu chestara..

[Spartan]

Ade pani tanam homelessness ni curb cheyadaniki enduku chupaledu ani qns arise avutai inka..

as usual Dems...dont make it politics...antaru. DNK

Newsom gadi sudi bagundi....vadu vellipoye time ki catastrophy jargindi...

ledante peekune vadu..

[Spartan]

Upstream nunchi vache water ni ocean lo divert cheyakandi ra ante vinale...

ippudu fires aarpadaniki hydrants lo kuda neelu levu....

next year mostly malli draught SoCal....

[Moon_Walker]

California has introduced new regulations aimed at easing the state's home insurance crisis, but it will mean Americans will pay more.

The new rules, released Monday by the California Department of Insurance, allow providers to pass the cost of reinsurance on to policyholders.

Reinsurance is effectively the insurance taken out by insurers. It transfers some of the risk so that no company has too much exposure to a potential catastrophe.

The cost of reinsurance has boomed in recent years, due to the increased risk of natural disasters in the state.

This, in part, is why insurers have been pulling out of the state, and regulators hope the reform will make the market more attractive to home insurers.

Earlier this year, State Farm gave the state an ultimatum - threatening to ax cover if it did not allow the insurer to raise home insurance rates for millions.

This will be the first time that insurers have been able to pass on the cost to consumers in California, which is a common practice in all other states.

However consumer advocates warn that this change will likely lead to immediately higher prices for homeowners, many of whom are already struggling to afford soaring premiums.

Doug Heller, director of insurance for the Consumer Federation of America, speculated that consumers could see price increases of 30 percent to 40 percent, the San Francisco Chronicle reported.
https://www.dailymail.co.uk/yourmoney/consumer/article-14239049/california-home-insurance-price-rise-ax-cover.html