....like an air rights market to transition folks out of very high severity fire zones to the flats in a way that incentivizes both parties to do it.https://twitter.com/kenyaw/status/1297058887959367680 …
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Replying to @kimmaicutler
I wonder why the insurance market is failing to provide the right incentives here? Are the gov regulators interfering in such a way that it’s still affordable to insure a house in a high risk fire zone?
@blobdell2 replies 0 retweets 1 like -
Non-renewals of insurance are widespread, and premium rates have gone up a lot (3x in my case). CA’s FAIR program is a last resort, but coupled with the needed wraparound coverage, still results in 2x-3x increase. Problem is that these areas have CA’s last low-cost housing.
1 reply 0 retweets 2 likes
The insurance market is likely to be the ultimate decider
10:01 AM - 22 Aug 2020
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