LA Fires: Insured Losses Could be in the Billions

[@kaheemjackson4253]

These insurance companies are already starting to refuse peoples insurance claims… some of these poor people are never gonna see a penny from the insurance company and that’s just a hard truth

[@Beebop1982]

Do they at least get a refund for the money they gave them for something that would never be paid? That's me being petty. Such a disaster.

[@ryanwalters6184]

Very few Poor lived in this area. You need to check the real estate prices.

[@jackcollin1695]

Home/property insurance only do claims for fire,is only if the fire was caused by someone inside the house,electrical short circuit or mechanical.they will refuse/deny fire claims if the fire is caused by wildfire or a such event like this.they knew this would happen and thats why they can deny this claims.if alot of home owners file a lawsuit,then they can also file bankruptcy just to scape on this.

[@ryanwalters6184]

Of course you have to have insurance the same with earthquake. These people have million dollar mansions and can't even afford normal insurance. Then they cry to us that we have to rebuild their mansions

[@Daniel-xb4yb]

Guaranteed in the billions most insurers are going out of business, most of the homes are 2 million plus homes theres at least a few thousand not including businesses cars and personal belongings

[@wayneyd2]

Insurance companies will filed for chapter11 and everyone else is screwed.

[@manimalshreds8872]

Where's Luigi?

[@s1dwyz732]

Everyone blames the insurance companies and not the california government, not providing enough care for the economic fesability of fire prevention. And before you're about to say something about greedy companies, please use some critical thinking skills about what retirements are made out of, understand the ease of saving, and understand the policies implemented and other factors you cannot save.

[@JoseCarlosBataliniBatalini]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[@BoetHuman-pk8it]

America your hell is here

[@lineset7765]

State Farm Ins. cancelled thousands of policies last year.

[@Urbaneism]

Lahaina 2.0

[@hppavilionf50]

I highly doubt that. Lahaina had many low-income residents. The areas of LA that have burned down are mainly in wealthy neighborhoods. They will rebuild very quickly.

[@angelachanelhuang1651]

bad seeds. not everyone is terrible

[@Dwn2Race]

This is what defunded the firefighters look like… just like defund the police

[@manzalone2148]

Insurance rate hikes....that what the homeowner worries about. The city/state just screwed themselves right up the *ss!!!!! Unemployment up Property tax loss-devalued properties Local,state,county loss revenue Vehicle registration loss Retail,gas prurchases dropping in those areas....and so much more

[@kz1iv]

Tens of billions lost

[@blaydCA]

This is OLD now. Insured losses will be over 20 Billion with a B and counting.

[@smcgarrity9472]

California voted for this. Thanks democrats

[@Doty6String]

So what, pay up

[@ja-ff1gg]

5000 structures

[@cheezycocoloco]

We gave 450 billion to Ukraine so I don’t see why we could do the same here to our own tax payers

[@allthingsaudio4610]

I agree. Payout to those who suffered losses should be automatic. Michael Jackson said it best "All I Really Wanna Say Is They Don't Really Care About Us". Is so sad the world we live in these days.

[@robertjamesonmusic]

You haven’t given anything. Show me a bill for what you sent to Ukraine 😂

[@MrBearcatjew]

thats not how it works we are subjects not citizens

[@michaelWells-ef9bx]

Billions …No kidding 😂😂😂…maybe $80 billion

[@MirMdNasif]

Stop crying for Americans. Send more money for Isrli juice.

[@fredk9999]

This spokesperson is speaking in generalities. Get someone more qualified

[@graphdatascientist]

Elon Musk will donate to rebuild those mansions

[@joebidenw4385]

Lol, he is not god or king

[@LifesLaboratory]

That would be very, very surprising.

[@blaydCA]

Donate what?? Some marijuana tainted urine?