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This is so infuriating, per the article "The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills". the w

This is so infuriating, per the article "The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills". the wildfires caused this level of damage in part due to the lack of water to fight them and the lack of water was due to bad management from the city/county/state leadership that neglected the systems that supported the water network and water availability.... so at the end of the day people is paying for the negligence of these people. My home insurance is now tripled what is use to be in 2024 and all of this without a single claim on my side.

toomuchtodo 2y ago
Property risk has been underpriced for some time, and is rapidly accelerating towards actual risk costs. Certainly, mitigations are important (and preventing identified failures in the future, as you mention wrt water supply), but the risk remains. https://www.zillow.com/research/climate-risk-home-value-34936/ https://www.zillow.com/research/climate-risk-home-value-3493... https://public.tableau.com/app/profile/zillow.economic.research/viz/ClimateRiskTotalValue/totalvalueclimaterisk https://public.tableau.com/app/profile/zillow.economic.resea... https://firststreet.org/methodology https://firststreet.org/methodology https://news.ycombinator.com/item?id=42450680 https://news.ycombinator.com/item?id=42450680 (relevant subthread, but more focused on GSE securities exposure)