Meawhile, on Wall Street...https://www.barrons.com/articles/pg-e-stock-slumps-after-judge-rules-bondholders-can-propose-bankruptcy-plan-51570711538 …
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Because right the insurers assume to an extent that they can just go file billions of dollars of claims to PG&E.https://www.wsj.com/articles/pg-e-strikes-11-billion-settlement-with-insurers-over-deadly-wildfires-11568383221 …
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and I don't think our current structure is set up to do that. Could you imagine being elected reps for those areas?https://www.pressdemocrat.com/news/9502508-181/gov-gavin-newsom-wont-block …
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Seems like whether there are people tehre or not, we don’t really want to be starting massive forest fires due to flailing infrastructure. or am i missing something about how that wouldn’t need to change?
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the people living there is part of the problem. The homes are the fuel.
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My plan: red flag the uninsurable areas, like we would if a building isn’t up to code. Let some foreclosures happen. Yes, that means some people will see the downside to buying real estate in a fire zone. Such ppl will just need to get over it.
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Red-tagging homes in fire-prone areas is both unjust and likely unconstitutional. This is not something people will "get over"--it will destroy ordinary people's savings.
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There are other well wooded places without underground wires and they maintain their powerlines well enough to not cause fires correct?
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