This is a HUGE deal in a lot of ritzy LA zip codes. Either not being able to get fire insurance at all or being presented with annual premiums like $200,000.
Really wondering what kind of effect this will have on valuations.
Bloomberg: Beverly Hills 90210 Mansions Lose Fire Coverage as Insurers Flee
State Farm is discontinuing fire insurance policies in wealthy California areas. It’s part of a nationwide trend fueled by climate change.
https://apple.news/AJwqcU6tRRCqgB3Z21ykl8g
Mats Holberg /
npub1es…6whst
2024-05-21 02:32:57
Author Public Key
npub1es6gstkd2g2an4kpyfvwlnar77vzzqqftwy77mjx9jgvnemuqvdse6whstPublished at
2024-05-21 02:32:57Event JSON
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