The Case for Letting Malibu Burn (1995)

Re:The Case for Letting Malibu Burn (1995) by dataflow on Monday January 13, 2025 @04:26AM (#42681619)

> I think it's pretty clear that they're going to have California tax payers bailout the system so that people living in the best real estate all of CA rebuild their homes in a place where people probably shouldn't be building in the first place

Fascinating (and thanks for sharing all that info), but I still don't see how this money would be coming from Montana residents.

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Re:The Case for Letting Malibu Burn (1995) by scoofy on Monday January 13, 2025 @04:50AM (#42681766)

My understanding is that it entirely possible that the FAIR plan might be bailed out by the Feds.

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Re:The Case for Letting Malibu Burn (1995) by potato3732842 on Monday January 13, 2025 @01:44PM (#42686969)

God I hope not. That would set a terrible president. Every other state insurance plan would eventually start running itself in a "obviously insolvent but it looks sane if you squint and market it with the morals of a used car salesman" manner but they'd be fools not to if the feds are in the business of picking up the tab.

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Re:The Case for Letting Malibu Burn (1995) by scoofy on Monday January 13, 2025 @02:09PM (#42687333)

>That would set a terrible precedent.

The existing precedent is the National Flood Insurance Program.

https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...

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