Time (February 10)
Losses, estimated at $52 to $57 billion, from the LA fires are accelerating “an uninsurable future.” Many affected homeowners had already been dropped by private insurers because distorted risks from climate change made the policies unviable. Many were essentially “forced to obtain coverage from the state’s insurer of last resort, the California Fair Access to Insurance Requirements (CA FAIR) Plan,” but that plan’s exposure far outstrips its assets, placing all of the state’s insurance policyholders on the hook for additional levies. This situation is not unique to California and action is required. “What won’t work, experts say, is continuing with the same system and hoping that climate risk just goes away.”
Tags: $57 billion, CA FAIR, California, Climate, Climate change, Coverage, Homeowners, LA fires, Last resort, Levies, Losses, Private insurers, Risks, Uninsurable future
Washington Post (April 18)
“The report of special counsel Robert S. Mueller III is not what the American public had been led to expect.” As a next step, “the House Judiciary Committee must hear directly from Mr. Mueller.” They also need access to the complete, unredacted report. Ultimately, lawmakers will “face a difficult balancing act between the many valid reasons to regard impeachment as a last resort, and their responsibility to ensure that no one is above the law.”
Tags: Access, Impeachment, Last resort, Lawmakers, Mueller, Responsibility, Special counsel, Unredacted report
