The Price Of Flame: Early Estimates Put California Wildfire Damage At $150 Billion

Posted • January 12, 2025: The destruction isn’t even over yet, but some are already putting a price tag on the damage caused so far by the California wildfires (and California Democrats) at $150 billion. 🚨 Total damage from the Los Angeles fires is estimated to reach $150 Billion. AccuWeather has increased their estimate for the damage and economic loss, saying total damage is expected to be $135-$150 billion. The estimate was a sharp increase from their previous estimate of $57 billion. More than 10,000 homes and other structures have been burned down. JP Morgan predicts insured losses of $20 billion and uninsured losses of over $100 billion. “This will probably be the largest number of people uninsured or underinsured during a massive catastrophic event like this,” Diane Delaney, executive director of Private Risk Management Association, said to the New York Post. “The point of insurance is to be there at the time of claim, and if that’s going to bankrupt them, they’re going to pull out of the state.” 🔥

That’s a lot of cash. Maybe one of our country’s allies can help us out. We jest. Maybe we should ask Zelensky for our $200 billion back…? For sure. Why do we send large sums of money overseas before addressing crises at home? From Hawaii to Carolina, and now California, our own communities need support. We will never get that money back. Ever. Insurance companies refused to renew 72,000 policies in the past few months. It’s almost like they knew something. Yes, which is what they get paid to do. They measure risk and they're good at it. An intelligent home owner would wonder why they're doing that. They should really. wonder when nobody else will take up the policy. CA insurance regulators were the reason the policies were terminated. Insurance companies said the risks were increasing due to bad land management and wanted to increase premiums but were told they could not. Insurance companies were right. Fires were caused by bad management.

Yep, insurance companies saw that California was a disaster waiting to happen because of incompetent Democrat ‘leadership’ and their numerous refusals to do any preventive action. Of course, we’re dealing with a failed state with failures at the wheel, so that $150 billion estimate will actually be twice that, if not more. […] Biden and the Democrat Party have left President-Elect Donald Trump and America’s taxpayers with a huge human and financial disaster to deal with over the coming years. Adding insult to injury, all of it was preventable if Democrats had simply listened to Trump. (…)

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https://twitchy.com/warren-squire/2025/01/12/otal-damage-from-the-los-angeles-fires-is-estimated-to-reach-150-billion-n2406470