If we stopped insuring everything under the sun, maybe prices would start to drop. You know, when people realize their investments might get smited by Zeus and Poseidon.
The only reason you need insurance is the banks require it to cover their risk of the loan. Don't buy a house if cannot buy it for cash. The watch what happen. The insurance companies are trying to get the politicians to pass a bill to require you to buy insurance even if your home is paid for. This is absurd. If my house is paid for I should not be forced to buy insurance. by law.
Corporations know full well climate change is real, but that won't stop them from paying lawmakers from aggressively denying climate change and preventing any climate change related legislation to pass because profits.
just watched a video from one of the haters taking Ana out of context saying she was going to quit, made me lmao, the TYT derangement syndrome is going strong 😂😂
It's cuz the far left are lunatics. They think TYT needs to check every box on the left to be progressive and that's not the case . We can agree on most policies but have our disagreements with others. 🤷🏻
While individuals may not be able to get a mortgage in the new uninsurable areas; mortgage corporations on the other hand who pay cash, will be able to snap up these properties at greatly reduced prices. The stock markets win again.
I live in Oklahoma and this has been the hottest Christmas I’ve seen here in my life. It has always snowed here by this time. My son is almost six years old. It saddens me not only because of how important our planet is but also the experiences I was able to have sledding nonstop in the winter growing up. My son might not ever get to have those experiences here. And yes, I’ve seen the continuous fires here firsthand. I’ve always been used to tornadoes. I was actually in the infamous May 3rd F-5 tornado. I guess now we’re going to be known for tornadoes and fires when it comes to weather.
*Is it worse when an insurance company doesn't cover you in the first place or when you pay them thousands of $$ and they reject your claim after a disaster or U make a claim?*
California has no land management, I live in Mississippi and we have thousands of acres of woodland, but the difference is we do control burns and have very few fires unlike California 🤷🏻♀️
Billionaires dictate government policy to serve their own self interests. Corporations actually participate in writing legislation. Ours is a government controlled by billionaires.
When the housing market/home insurance market really begins to collapse, voters on both sides of the political divide in America will finally agree on climate change. But it'll be too late to stop the most destructive impacts of climate change and we'll be completely overcome by economic depression, political revolution, or, in the least, the astronomical cost of trying to bailout millions of homeowners. Or, more likely, the cost of bailing out the insurance companies.
Define "Agree on Climate Change" as the climate is always changing. Thing I like about History, it offers perspective on issues we're facing today; like the first record of sea ice in the North Atlantic, by the Norsemen who navigated the seas along Europe on down to Africa and as far west as Iceland and Greenland, traded and wared with the Inuit, 14th Century. Then there was the Ice Festivals in London when the Thames froze so solid, they put tents on the river, opened a market and had festivities. Ever heard of The Year Without Summer? 1816, when it would snow all year long, as late as August, birds froze and other small animals to death throughout the year and there were massive crop failures as people turned to eating potatoes and root vegetables to survive. All because of a single volcano eruption in Asia. Mount Tambora, Island of Sumbawa in the Indonesian Archipelago on April 5th 1815 - the most destructive volcano eruption on record.
@@Boris80b Well, climate is always changing. How do you think the Norsemen reacted when they first saw sea ice in the North Atlantic in the 14th Century? Or how people around the world suffered crop failures in 1816 because it snowed as late as August?
@@Boris80b What rapid climate change? The ice at the poles are the same as before, seas are at the same level as they were for the past 50 years, and the average global temperature had remained constant since the 1990's. 1816 (The Year Without Summer) saw a sudden 3°F drop in global average temperature, record cold temperatures across the globe and the results were catastrophic as crops failed, small birds and animals froze to death from March to August, but by 1821, temperatures returned to normal. What the climate change Nazis are advocating is massive taxes, major changes in how everyone lives, accepting a lower quality of life to lower the expected rise by a fraction of 1°F by the end of the Century with hypes of doom if we don't comply; without even considering what everything was like the last time the Earth was 7° - 10°F warmer, before the year 1000 AD.
You went on a complete tangent there. The red areas are prone to natural disasters, insurance companies can't afford to rebuild due to outrageous inflation. Address the inflation problem and that solves the insurance problem.
@quincyberman5629 Exactly and this is wrong. Inflation or deflation have nothing to do with climate change, except that natural resources destruction will make everything harder. Trump is the last incarnated sample of plutocracies illusions and defensive thus suicidal strategy. America should be the world leader to protect non renewable resources. Instead, it punishes China with unefficient tariffs, it denies climate crisis. "Drill baby, drill ́" = "Zeus makes blind the fools he want to get down."
To my knowledge the first in California are not due to climate change, there are a lot of factors that have to do with how California has been managed from a resources and policy standpoint.
@joefilter2923 but it's not.... the hurricane frequency and power hasn't changed in 100 years. We've only been keeping weather records for about 100 years when we've been here for over 100,000 years. Been through multiple ice ages as a species. Climate change is nothing more than a convenient excuse at this point.
@@moabman6803 It is - It culls dead trees and actually allows new trees to sprout with room and healthy forest - Controlled Burns like California use to do in the 80's would clean underbrush and disease trees.
As a believer in climate, let me say that this issue is mostly unrelated to climate change. Below are excerpts from an Axios report- By the numbers: About 86% of wildfires in California between 1992 and 2020 were spurred by human activity, burning 63 acres on average, U.S. Forest Service analysis of wildfire data found. Meanwhile, Cal Fire officials say 95% of fires are human-caused currently. Of note: Lightning strikes accounted for the other fires with known causes, mostly in the northeastern and mountainous parts of the state that border Nevada. Lightning strikes were behind California's largest fires, which took place in August 2020, burning more than 2 million acres combined - that's about three-quarters of the size of San Diego County. Details: The top three human activities known to have led to these blazes were from equipment and vehicles, arson and debris burning, the data shows. That includes accidental incidents and neglect, such as leaving a campfire unattended or a malfunctioning catalytic converter spitting a molten substance out of an exhaust pipe.
true, but as everything get dryer - It burns faster - and wilder! that is an effect of a warmer climate. As well as more rain, in short periods of time that causes floods, larger and more violent than earlier. This is something scientist warned about 50 years ago. So no point in politicize this.. Its a fact
@@jiggerypokery2962that is dude to the forests not being frequently cleaned as they should be. Fire is a natural part of the landscape and California stopped doing controlled burns which allows debris to build up which gives more fuel for the fires to burn hotter and longer than they normally would. This is common knowledge.
@@MoreSlater50 years ago those same scientists said Florida would be under water by now but somehow it's not. Scientists don't know everything and can't predict the future. They're men not gods.
State Farm removed ev chargers from their enclosed parking areas due to evs being a fire hazard. Do you think State Farm is going to insure your home with an environmental friendly EV? Its inflation not global warming that is making insurance unaffordable
@dmi1571 they insured my aunt in California just fine. She just had to have her home inspected so that she didn't have 15 ft of dead underbrush against the side of her house for 1 million acres. If the state isn't going to do any form of forest management, why should they get insured? I live in a forest and have survived a dozen fires in 30 years. It's the same science as it was 100k years ago. The truth is California is a joke, plain and simple... and the only forest management crews they use are the felons they hold in prison work camps, right Kamala??
The fossil fuel industry doesn't pay any of the externalities caused by their flawed product and the rest of us end up picking up the bill for climate change, heat-related inflation and air pollution.
God forbid they use engineers to solve and built a fireproof home, stop building on lowlands tonavoid flooding or even figure out a earthquake proof home. AS IF, we dont have brains
1-in-25 is 4% or so. In anycase, its not a disaster... fire risk is just going down the same road that Earthquake risk did decades ago (in California). And similarly for flood insurance in other parts of the country. My guess is that the solution will be similar... the state will offer a fire-only insurance adder or fire-only insurance policy. Then it will be up to mortgage companies and, ultimately, home-owners to decide just how much insurance to have. This will ultimately show up in the price of the home as well, depressing prices for homes, but that sort of rebalancing would likely take a number of years to play out. In short. Not a disaster. These industries adapt to what home buyers can actually afford and despite all the media attention to lack of affordability, the reality is that there is still incredible demand for single-family homes in the U.S.. The real problem is that it is moving up the income scale, which is actually a much larger, broader issue than just insurance.
privatize profits, socialize costs. in business school they teach you how to "externalize" costs and this is just one of the things they are talking about. this is one of the main problems with capitalism 🙂
The major cause of structural loss due to wildfires is that preventative measures are no longer taken and government control and regulations. I remember growing up in the hills of Los Angeles County in the Nineteen seventies. Back then all the communities were protected by the fire departments making wide fire breaks around them and on all the ridges. Often swaths of land a hundred yards wide were made and when fires started the fire fighters would ask for volunteers. I remember me and a bunch of neighborhood kids pulling and dragging fire hoses off the trucks when I was a 13 years old. Some of the kids were as young as 10. The helicopters would come and dip water out of people’s swimming pools and D8 bull dozers plus volunteer dozers would be brought out to fight the fires. And almost no houses were lost . That was back when there was no government required insurance. Insurance is just a legalized form of the old time ganster protection rackets. I was offered a job in the insurance industry and was told that they were going to require insurance for everything by law except for the wealthy who can prove financial responsibility. That’s the loophole that they used to say that they were not forcing their products and services unconstitutionally on everyone. And that the banking industry owns the insurance industry and the economy. That’s why you have to have insurance to drive, get a loan, have a business, have employees etc. and they know that they can always just deny claims because they are protected by the government.
I’m all for insurance companies picking to not put these states on the books. Lowers the premiums for us not on the coast after that. Less risk = lower rates
Insurance is gambling. You bet the insurance company that your house will be destroyed or damaged and the company bets that it won't. If lots of houses in one area have increased probability of damage all bets are off.
More than likely your insurance company has insufficient retained funds and going broke. They're blaming EVERYTHING on Climate Change. In'dia wants $1,400,000,000,000 as 'Climate Reparations' *when their top export is FOSSIL FUELS!* In'dia is going bankrupt.
This is going to devastate real estate values in California. No one can get a mortgage without homeowners insurance. It will require cash buyers that have a lot of money laying around. That leaves the average working families out of the market.
We are experiencing the most rapid rate of environmental change in the known history of the planet. And, it is the rate of environmental change that determines the success of every species and population. We are toast. Adapt to that.
@@LivingthewildWe will. We always have. You’re using a phone aren’t you? You’re wearing clothes? You have a refrigerator with a bunch of plastic containers? Do you have a couch? A mattress? Do you really think you’re gonna make a difference in the measly 70 years you might be alive? This planet will go on forever with or without you.
@beecampbell5903 The "you too" argument indicates you have no argument at all and is just a boring distraction. And, yes, the planet will continue on, but life will not.
This has far less to do with climate change and far more to do with mismanagement of state areas. I lived on a property that backed up to state land in the hills around LA. Every year they used to come around and clear large fire lanes and made sure any land owners cleared their land to avoid fires. This stopped completely about 10 years ago. they no longer clear wild brush around housing in populated areas. The funds they used to use for this were diverted off to other programs. Ever since they stopped maintaining public lands to trevent fires it has gotten worse by the year.
How did the fire in Paradise start? The fire began on the morning of Thursday, November 8, 2018, when part of a poorly maintained Pacific Gas and Electric Company (PG&E) transmission line in the Feather River Canyon failed during strong katabatic winds.
I've been worried about it for years and it's arrived. Every time someone loses a home it also decreases supply as well. Housing should be a priority as well as damage mitigation. We might at some point need a different insurance system. Just think of how much more this adds in health cost...the cost of everything. Think of the food waste when the power stays out in a area for awhile and cost replacements. It's hard to rebuild a life after such destruction. There are things to do but we have to get people in there that can solve some problems!
That isn't exactly true. Insurance companies are leaving ACA healthcare insurance, electric vehicle insurance as well as home owner insurance. Also about half of households have life insurance which is a drop.
Lets put up buildings made of sticks and plastic in the middle of a fire zone and expect insurance to keep rebuilding it every time a fire burns it down.
Climate does change naturally but now that we are dumping billions of tons of co2 into the air, we are changing the climate unnaturally. How hard is this for you to understand?
It's not that climate changes are causing more floods, fires, hurricanes and tornados in those areas. The problem is home building and development has increased in those areas over the years as they have become more densely populated. So, naturally, there is more loss that insurance companies have to deal with in those areas than in decades past. It's really pretty simple math.
Insurance companies dont make much money off people directly, its very low margin...they make money through the time value of investing the money they take in and managing it.
It's almost as if insuring people shouldn't be a private industry.... Also what the hell is up with all the right wing conspiracies in the comments lol
OMG! Those poor insurance companies. I bet they've taken massive losses over the past few years. Huh? What? You're saying they've had massive profits year after year since 2020 and record profits in 2023? Oh. How magnanimous of them to now pull out of another state. This is where governement regulation comes into play so make up for the obvious shortfalls of capitalism... Oh wait, Republicans will be in power and California is a blue state. Nevermind, hope your house stays safe for at least the next 4 years.
There are geologic climate cycles that last thousands of years. Glaciers have always receded and advanced, even before humans. This cycle was due to change, nothing we could have done to stop it. That said, we would definitely be better off without all the pollution. We need to become a lot more resilient and resourceful as individuals to survive the coming changes.
So two things 1 - you talk about geologic cycles and then talk about glaciers, so do you think that geology dictate glaciation? 2. The cycles you point out are thousands of years old (glacial cycles are really tens to hundreds of thousands of years old), but even if the cycles were just thousands of years old how do you think a significant rate of change over a couple hundred years would correlate to a couple thousand year cycle?
This has nothing to do with "geologic climate cycles" (you probably mean the Mylankovic cycles) that range between 25,000 and 100,000 years. Compared to those times spans, climates are changing extremely fast. Between 1960-2020 there was the 2nd half of a 120-year solar cycle. But it didn't cool 0.4 C like before, it warmed 1.1 C instead. A 1.5 C anomaly in just 60 years. And the past few years were record breaking yet again.
Maybe if you allow tree harvesting and replanting instead of just letting it burn may be the issue. Maybe sprawl in forests is an issue. And Democrats inflation is making it worse
@GaryAnnis-i2j There are dozens of species of trees/plants in that region that require forest fires to reproduce. No fire = the seeds cant open and grow. Stopping the fires completely isn't an option. As to your second point, congress and the rest of the government is roughly 50% republican and always has been. If both sides don't agree, no laws get passed. If there is inflation, both sides agreed on the policy that caused it. Please learn how the basic setup and function of our government works before blurting nonsense.
In an interview, former Exxon CEO Rex Tillerson was asked, "What if the worst predictions of climate scientists pan out?" His reply chilled me to the bone: "We will adapt." Yes, Rex, those who survive will have adapted. Duh!
Official 97% Agree IPCC AGW is +1.8C by 2100 or +0.023C per year that's +0.013% 'change'. If that terrifies you maybe leave your Mom's basement and grow a pair.
OMG, adaptation has been what has happened countless times in the past, but this time it'll be with foreknowledge of what is happening. Climate change is not going to increase human deaths, full stop.
Minnesota and Pennsylvania have the lowest nonrates with parts of New York. The Midwest and Northeast are gonna be safer long term. The southwest and southeast all time record in-migration is gonna be slowed down further the more climate change enhances the damage even more.
*I'm shocked anyone in Florida can get insurance considering it's pretty much build on a swamp floodplaine*
Privatized gains and socialized losses. Welcome to your new capitalism.
Nothing new
This is corporate America, and capitalism indeed leads to this...
More concerned about your property than your children's future. Disgusting.
If we stopped insuring everything under the sun, maybe prices would start to drop. You know, when people realize their investments might get smited by Zeus and Poseidon.
Yeah, I don't know why we keep building back in areas, particularly at risk of climate disasters.
The only reason you need insurance is the banks require it to cover their risk of the loan. Don't buy a house if cannot buy it for cash. The watch what happen. The insurance companies are trying to get the politicians to pass a bill to require you to buy insurance even if your home is paid for. This is absurd. If my house is paid for I should not be forced to buy insurance. by law.
Insurers don't want to give you a policy if you actually need it.
Yep
Corporations know full well climate change is real, but that won't stop them from paying lawmakers from aggressively denying climate change and preventing any climate change related legislation to pass because profits.
As long as they can preserve their power and interests, they will continue to deny and downplay climate change. Capitalism does this.
Tyt staying strong despite the insane hate as usual
just watched a video from one of the haters taking Ana out of context saying she was going to quit, made me lmao, the TYT derangement syndrome is going strong 😂😂
It's cuz the far left are lunatics. They think TYT needs to check every box on the left to be progressive and that's not the case . We can agree on most policies but have our disagreements with others. 🤷🏻
Ah yes, the "lunatics" argument
While individuals may not be able to get a mortgage in the new uninsurable areas; mortgage corporations on the other hand who pay cash, will be able to snap up these properties at greatly reduced prices. The stock markets win again.
We can't fix stupid. But nature will.
I live in Oklahoma and this has been the hottest Christmas I’ve seen here in my life. It has always snowed here by this time. My son is almost six years old. It saddens me not only because of how important our planet is but also the experiences I was able to have sledding nonstop in the winter growing up. My son might not ever get to have those experiences here. And yes, I’ve seen the continuous fires here firsthand. I’ve always been used to tornadoes. I was actually in the infamous May 3rd F-5 tornado. I guess now we’re going to be known for tornadoes and fires when it comes to weather.
*Is it worse when an insurance company doesn't cover you in the first place or when you pay them thousands of $$ and they reject your claim after a disaster or U make a claim?*
Maybe not a crash. I imagine private equity will scoop up the properties and rent them back to the public.
California has no land management, I live in Mississippi and we have thousands of acres of woodland, but the difference is we do control burns and have very few fires unlike California 🤷🏻♀️
California believes land management will upset the ecosystem. Apparently massive uncontrolled fires don't mess up the ecosystem.
We need a national public option for home insurance
Too late for that. Why do you think the oil comps lobbied on an anti-socialism platform.
Maybe buy smaller homes so they don't cost as much the rebuild? That 5000SQFT home is awesome until you have to pay to rebuild it.
Billionaires dictate government policy to serve their own self interests. Corporations actually participate in writing legislation. Ours is a government controlled by billionaires.
That's Capitalism...
When the housing market/home insurance market really begins to collapse, voters on both sides of the political divide in America will finally agree on climate change. But it'll be too late to stop the most destructive impacts of climate change and we'll be completely overcome by economic depression, political revolution, or, in the least, the astronomical cost of trying to bailout millions of homeowners. Or, more likely, the cost of bailing out the insurance companies.
Define "Agree on Climate Change" as the climate is always changing.
Thing I like about History, it offers perspective on issues we're facing today; like the first record of sea ice in the North Atlantic, by the Norsemen who navigated the seas along Europe on down to Africa and as far west as Iceland and Greenland, traded and wared with the Inuit, 14th Century.
Then there was the Ice Festivals in London when the Thames froze so solid, they put tents on the river, opened a market and had festivities.
Ever heard of The Year Without Summer? 1816, when it would snow all year long, as late as August, birds froze and other small animals to death throughout the year and there were massive crop failures as people turned to eating potatoes and root vegetables to survive. All because of a single volcano eruption in Asia. Mount Tambora, Island of Sumbawa in the Indonesian Archipelago on April 5th 1815 - the most destructive volcano eruption on record.
Ah, the "climate is always changing" argument
@@Boris80b
Well, climate is always changing.
How do you think the Norsemen reacted when they first saw sea ice in the North Atlantic in the 14th Century?
Or how people around the world suffered crop failures in 1816 because it snowed as late as August?
Even rapid climate change over centuries is not the same as rapid change over a few decades like we're witnessing right now.
@@Boris80b
What rapid climate change?
The ice at the poles are the same as before, seas are at the same level as they were for the past 50 years, and the average global temperature had remained constant since the 1990's.
1816 (The Year Without Summer) saw a sudden 3°F drop in global average temperature, record cold temperatures across the globe and the results were catastrophic as crops failed, small birds and animals froze to death from March to August, but by 1821, temperatures returned to normal.
What the climate change Nazis are advocating is massive taxes, major changes in how everyone lives, accepting a lower quality of life to lower the expected rise by a fraction of 1°F by the end of the Century with hypes of doom if we don't comply; without even considering what everything was like the last time the Earth was 7° - 10°F warmer, before the year 1000 AD.
I feel sorry for the younger generations and future generations.
You went on a complete tangent there. The red areas are prone to natural disasters, insurance companies can't afford to rebuild due to outrageous inflation. Address the inflation problem and that solves the insurance problem.
Lol Are you serious ???
@@emmanueldaillet1290 If you listen, that is what was said.
@quincyberman5629 Exactly and this is wrong. Inflation or deflation have nothing to do with climate change, except that natural resources destruction will make everything harder. Trump is the last incarnated sample of plutocracies illusions and defensive thus suicidal strategy.
America should be the world leader to protect non renewable resources. Instead, it punishes China with unefficient tariffs, it denies climate crisis. "Drill baby, drill ́" = "Zeus makes blind the fools he want to get down."
Actually ya it's impossible to build now.
Climate change inconveniences rich, coastal elites the most, which is the only reason we hear about it.
yep
To my knowledge the first in California are not due to climate change, there are a lot of factors that have to do with how California has been managed from a resources and policy standpoint.
Global warming is part of that scenario, though. It’s part of the whole package.
Weren't we all supposed to be underwater over a decade ago?
Many places around the world are.
Don't be a dick.
Flood insurance is provided through the federal government. It is not unprecedented to have a non-profit insurance system.
Yep. If only conservatives didn't make excuses for keeping the status quo
In Hawaii, the cost of insurance on our non outfit elementary school doubled since the maui wild fires.
First it was health insurance, now home insurance, car insurance.... dont push the American people to the brink!
Legit, I just unsubcribed from TYT, idk what Cenk is going through, but that "America fest" bullshit was the last straw.
California stopped doing proper forest management decades ago - this is what happens when you don't do it - The state burns
Yeah, Florida same thing, huh?
Wrong. Climate change is causing more powerful and frequent hurricanes.
@joefilter2923 but it's not.... the hurricane frequency and power hasn't changed in 100 years. We've only been keeping weather records for about 100 years when we've been here for over 100,000 years. Been through multiple ice ages as a species. Climate change is nothing more than a convenient excuse at this point.
Ya forest management really is a big deal.
@@moabman6803 It is - It culls dead trees and actually allows new trees to sprout with room and healthy forest - Controlled Burns like California use to do in the 80's would clean underbrush and disease trees.
Insurance is a scam
It definitely is in the US
What happened to State Farms slogan? I guess they aren’t good neighbours after all.
I don’t want to pay for anyone’s house, anywhere…especially if it’s better than mine.
What's trump going to do about it.
increase fossil fuels production
As a believer in climate, let me say that this issue is mostly unrelated to climate change. Below are excerpts from an Axios report-
By the numbers: About 86% of wildfires in California between 1992 and 2020 were spurred by human activity, burning 63 acres on average, U.S. Forest Service analysis of wildfire data found.
Meanwhile, Cal Fire officials say 95% of fires are human-caused currently.
Of note: Lightning strikes accounted for the other fires with known causes, mostly in the northeastern and mountainous parts of the state that border Nevada.
Lightning strikes were behind California's largest fires, which took place in August 2020, burning more than 2 million acres combined - that's about three-quarters of the size of San Diego County.
Details: The top three human activities known to have led to these blazes were from equipment and vehicles, arson and debris burning, the data shows.
That includes accidental incidents and neglect, such as leaving a campfire unattended or a malfunctioning catalytic converter spitting a molten substance out of an exhaust pipe.
The starting of forest fires, but the degree at which the fires are burining due to increased dryness is due to climate change
@@jiggerypokery2962 I second that.
true, but as everything get dryer - It burns faster - and wilder! that is an effect of a warmer climate. As well as more rain, in short periods of time that causes floods, larger and more violent than earlier. This is something scientist warned about 50 years ago. So no point in politicize this.. Its a fact
@@jiggerypokery2962that is dude to the forests not being frequently cleaned as they should be. Fire is a natural part of the landscape and California stopped doing controlled burns which allows debris to build up which gives more fuel for the fires to burn hotter and longer than they normally would. This is common knowledge.
@@MoreSlater50 years ago those same scientists said Florida would be under water by now but somehow it's not. Scientists don't know everything and can't predict the future. They're men not gods.
Schütz die Natur ohne die Natur sind wir verloren
Too late 😢
Genau!!!
State Farm removed ev chargers from their enclosed parking areas due to evs being a fire hazard. Do you think State Farm is going to insure your home with an environmental friendly EV?
Its inflation not global warming that is making insurance unaffordable
nah
@dmi1571 they insured my aunt in California just fine. She just had to have her home inspected so that she didn't have 15 ft of dead underbrush against the side of her house for 1 million acres. If the state isn't going to do any form of forest management, why should they get insured? I live in a forest and have survived a dozen fires in 30 years. It's the same science as it was 100k years ago. The truth is California is a joke, plain and simple... and the only forest management crews they use are the felons they hold in prison work camps, right Kamala??
Insuring one person with no problem doesn't mean there is no climate change effects
It kind of does actually.
It kinda doesn't
The fossil fuel industry doesn't pay any of the externalities caused by their flawed product and the rest of us end up picking up the bill for climate change, heat-related inflation and air pollution.
Forest management reduces fires. Which California doesn't do.
yep
I mean thats what makes an externality an externality, but these are applicable for all industries.......
Especially when the fossil fuel industry says that it doesn't cause climate change. Their self regulation can totally be trusted.
And people still like alternative facts and love to shift the blame away from the fossil fuel industry.
God forbid they use engineers to solve and built a fireproof home, stop building on lowlands tonavoid flooding or even figure out a earthquake proof home. AS IF, we dont have brains
Yes, there is always some justification that doesn't make much sense if you really think about it.
Building on the coast or on an isolated slope has always been an issue.
1-in-25 is 4% or so. In anycase, its not a disaster... fire risk is just going down the same road that Earthquake risk did decades ago (in California). And similarly for flood insurance in other parts of the country. My guess is that the solution will be similar... the state will offer a fire-only insurance adder or fire-only insurance policy. Then it will be up to mortgage companies and, ultimately, home-owners to decide just how much insurance to have. This will ultimately show up in the price of the home as well, depressing prices for homes, but that sort of rebalancing would likely take a number of years to play out.
In short. Not a disaster. These industries adapt to what home buyers can actually afford and despite all the media attention to lack of affordability, the reality is that there is still incredible demand for single-family homes in the U.S.. The real problem is that it is moving up the income scale, which is actually a much larger, broader issue than just insurance.
Isn’t this where you guys usually scream about cOrPoRaTe GrEeD!!!!????
Trump ; there's no climate change look at the snow in winters 😂😂😂 good luck make America hot again ...😂😂😂
Please do I hate snow
privatize profits, socialize costs. in business school they teach you how to "externalize" costs and this is just one of the things they are talking about. this is one of the main problems with capitalism 🙂
Long, long term we should/will go back to a nomadic, hunter gathering way of life which is really the most sustainable form of human existence
in time we will head back to the no more farming/ grain eating back to a all-meat diet so we will be healther
Does the house market in CA collapse? No. Also people should not build and buy houses near fire-area.
The fire area grows daily.
@@MaggieJohnson-vn6su No, People expand too quickly. You can check the resident area one or two decades ago and comparing with today's map.
you have to clear all trees around you to prevent fires from reaching your place.
The major cause of structural loss due to wildfires is that preventative measures are no longer taken and government control and regulations. I remember growing up in the hills of Los Angeles County in the Nineteen seventies. Back then all the communities were protected by the fire departments making wide fire breaks around them and on all the ridges. Often swaths of land a hundred yards wide were made and when fires started the fire fighters would ask for volunteers. I remember me and a bunch of neighborhood kids pulling and dragging fire hoses off the trucks when I was a 13 years old. Some of the kids were as young as 10. The helicopters would come and dip water out of people’s swimming pools and D8 bull dozers plus volunteer dozers would be brought out to fight the fires. And almost no houses were lost . That was back when there was no government required insurance. Insurance is just a legalized form of the old time ganster protection rackets. I was offered a job in the insurance industry and was told that they were going to require insurance for everything by law except for the wealthy who can prove financial responsibility. That’s the loophole that they used to say that they were not forcing their products and services unconstitutionally on everyone. And that the banking industry owns the insurance industry and the economy. That’s why you have to have insurance to drive, get a loan, have a business, have employees etc. and they know that they can always just deny claims because they are protected by the government.
I’m all for insurance companies picking to not put these states on the books. Lowers the premiums for us not on the coast after that. Less risk = lower rates
Obviously climate change caused the fire on the subway, not some poor innocent Guatemalan looking for the American dream
???
@@MaggieJohnson-vn6suthanks Maggie
Did climate change cause the sheriff to shoot the judge too?
You're understating how much forest mismanagement is causing the problem in California.
Insurance is gambling. You bet the insurance company that your house will be destroyed or damaged and the company bets that it won't. If lots of houses in one area have increased probability of damage all bets are off.
How was the beer with Charlie Kirk?
You ok retard?
Kirk's forehead bullied everyone
I lost my homeowners and I live in IOWA!
More than likely your insurance company has insufficient retained funds and going broke. They're blaming EVERYTHING on Climate Change. In'dia wants $1,400,000,000,000 as 'Climate Reparations' *when their top export is FOSSIL FUELS!* In'dia is going bankrupt.
This is going to devastate real estate values in California. No one can get a mortgage without homeowners insurance. It will require cash buyers that have a lot of money laying around. That leaves the average working families out of the market.
Yeah, move somewhere safe, like the Appalachian Mountains...
Just move to Greenland...
Nothing can be done about climate change except adapting to the change. It has and always will happen.
We are experiencing the most rapid rate of environmental change in the known history of the planet. And, it is the rate of environmental change that determines the success of every species and population. We are toast. Adapt to that.
@@LivingthewildWe will. We always have. You’re using a phone aren’t you? You’re wearing clothes? You have a refrigerator with a bunch of plastic containers? Do you have a couch? A mattress? Do you really think you’re gonna make a difference in the measly 70 years you might be alive? This planet will go on forever with or without you.
@beecampbell5903 The "you too" argument indicates you have no argument at all and is just a boring distraction. And, yes, the planet will continue on, but life will not.
@@Livingthewild Go drink out of your paper straw so you can feel better about yourself.
This has far less to do with climate change and far more to do with mismanagement of state areas. I lived on a property that backed up to state land in the hills around LA. Every year they used to come around and clear large fire lanes and made sure any land owners cleared their land to avoid fires. This stopped completely about 10 years ago. they no longer clear wild brush around housing in populated areas. The funds they used to use for this were diverted off to other programs. Ever since they stopped maintaining public lands to trevent fires it has gotten worse by the year.
so what about all the uncontrollable fires everywhere else in the world?
Again, forest management controls fires. Those areas all over the world with poor management get a lot of fires.
@@moabman6803 no, it's climate change
@@moabman6803 it's climate change
@@moabman6803 UA-cam deletes my replies
State ran? It would be cheaper and create better jobs.
never understood why people keep building in zones with hurricanes every single year.
I think it’s a habit. The number of hurricanes seems to be increasing.
Because they’re stupid?
But but climate change is a hoax right??? She said dripping with sarcasm
Newsome continues to bail out PG & E and it sickens me.
Well to be honest California isn’t unlivable because of fires😂😂😂
Cenk uses oil and gas so? Hypocrisy
not the point
Perhaps we start paying for homes what their worth instead of 10x that.
Insurance companies have long stopped covering flood and earthquakes.
I know, lets make friends with the right to get climate changed fixed.
As long as Cenk can have a beer afterward it’s all good
How did the fire in Paradise start?
The fire began on the morning of Thursday, November 8, 2018, when part of a poorly maintained Pacific Gas and Electric Company (PG&E) transmission line in the Feather River Canyon failed during strong katabatic winds.
Who is the CEO over at state farm??
A French village just got totally washed away. Who will pay for it? Everyone. The UNITED France States. We all have to pay the same damage coverage.
I've been worried about it for years and it's arrived. Every time someone loses a home it also decreases supply as well. Housing should be a priority as well as damage mitigation. We might at some point need a different insurance system. Just think of how much more this adds in health cost...the cost of everything. Think of the food waste when the power stays out in a area for awhile and cost replacements. It's hard to rebuild a life after such destruction. There are things to do but we have to get people in there that can solve some problems!
That isn't exactly true. Insurance companies are leaving ACA healthcare insurance, electric vehicle insurance as well as home owner insurance. Also about half of households have life insurance which is a drop.
Welp I hope none of you California ppl move to my state
Lets put up buildings made of sticks and plastic in the middle of a fire zone and expect insurance to keep rebuilding it every time a fire burns it down.
A very wise old Man once said, this too shall pass. And climate change is a natural process, there is no need for us to be alarmed.
Climate does change naturally but now that we are dumping billions of tons of co2 into the air, we are changing the climate unnaturally. How hard is this for you to understand?
The historical largest emitter of ghg **USA**
Eh... not quite
They already hit Louisiana and Florida with the same BS!!
Cenk talking down to us like we can do anything. I own a Tesla dog what more can I do
A tesla contributes just as much to climate change than a car does, on top of the batteries used being sourced from slave labor in Africa
This is horrible for home owners but Allstate and Statefarm are terrible insurance companies with terrible business practices
This is 100% scam
People in high fire risk areas could rebuild or reinforce their homes using concrete walls and steel roofs, with sprinklers everywhere.
Well at least you will be able to buy a house for a dollar
I'm at my 'summer home' in Rhode Island, it's 29 F.
Please bring the 'Climate Change'.
Childlike.
It's not that climate changes are causing more floods, fires, hurricanes and tornados in those areas. The problem is home building and development has increased in those areas over the years as they have become more densely populated. So, naturally, there is more loss that insurance companies have to deal with in those areas than in decades past. It's really pretty simple math.
Insurance companies dont make much money off people directly, its very low margin...they make money through the time value of investing the money they take in and managing it.
I don't know... It's cold... I see no fire or floods here... Seems perfectly normal to me... 🤷♂
no snow where I am second year in a row, that's unheard of, you can't even go out in the summer anymore
Where do you live? Getting lots of snow here.
It's almost as if insuring people shouldn't be a private industry.... Also what the hell is up with all the right wing conspiracies in the comments lol
@@-7070 yep, it's so weird
Well shit ask Ukraine now to send us Billions back..
What?
@@MaggieJohnson-vn6suyou seem confused. Is there anything I can do to help?
Buy a tent
lol
OMG! Those poor insurance companies. I bet they've taken massive losses over the past few years. Huh? What? You're saying they've had massive profits year after year since 2020 and record profits in 2023? Oh. How magnanimous of them to now pull out of another state. This is where governement regulation comes into play so make up for the obvious shortfalls of capitalism... Oh wait, Republicans will be in power and California is a blue state. Nevermind, hope your house stays safe for at least the next 4 years.
There are geologic climate cycles that last thousands of years. Glaciers have always receded and advanced, even before humans. This cycle was due to change, nothing we could have done to stop it. That said, we would definitely be better off without all the pollution. We need to become a lot more resilient and resourceful as individuals to survive the coming changes.
ya but the point being made is the speed of the change is the problem that what we are causing.
So two things 1 - you talk about geologic cycles and then talk about glaciers, so do you think that geology dictate glaciation? 2. The cycles you point out are thousands of years old (glacial cycles are really tens to hundreds of thousands of years old), but even if the cycles were just thousands of years old how do you think a significant rate of change over a couple hundred years would correlate to a couple thousand year cycle?
This has nothing to do with "geologic climate cycles" (you probably mean the Mylankovic cycles) that range between 25,000 and 100,000 years. Compared to those times spans, climates are changing extremely fast. Between 1960-2020 there was the 2nd half of a 120-year solar cycle. But it didn't cool 0.4 C like before, it warmed 1.1 C instead. A 1.5 C anomaly in just 60 years. And the past few years were record breaking yet again.
Maybe if you allow tree harvesting and replanting instead of just letting it burn may be the issue. Maybe sprawl in forests is an issue. And Democrats inflation is making it worse
@GaryAnnis-i2j
There are dozens of species of trees/plants in that region that require forest fires to reproduce. No fire = the seeds cant open and grow. Stopping the fires completely isn't an option. As to your second point, congress and the rest of the government is roughly 50% republican and always has been. If both sides don't agree, no laws get passed. If there is inflation, both sides agreed on the policy that caused it. Please learn how the basic setup and function of our government works before blurting nonsense.
The cost of ignorant denial and greedy capitalism.... USA no.1 ....SAD
America has free food, housing, healthcare, and education. Join the US military if you want your socialist life.
Cal-Fire Budget $4 Billion.
California's cost for illegal immigration is $12.3 Billion. 😂🤣🤣🤣
🎶 It's beginning to look a lot like climate change
🎶Everywhere you go
ua-cam.com/video/Y9bPzXwG9JY/v-deo.htmlsi=yQ3T7cQybmcgWQUr&t=1m07s.
it’s cancelled and paused
In an interview, former Exxon CEO Rex Tillerson was asked, "What if the worst predictions of climate scientists pan out?" His reply chilled me to the bone: "We will adapt." Yes, Rex, those who survive will have adapted. Duh!
Official 97% Agree IPCC AGW is +1.8C by 2100 or +0.023C per year that's +0.013% 'change'. If that terrifies you maybe leave your Mom's basement and grow a pair.
OMG, adaptation has been what has happened countless times in the past, but this time it'll be with foreknowledge of what is happening. Climate change is not going to increase human deaths, full stop.
It's called Forest management
🤯
it’s called zookini singing with mustache
lets all buy tesla's
Hedge funds dont need insurance.
Minnesota and Pennsylvania have the lowest nonrates with parts of New York.
The Midwest and Northeast are gonna be safer long term.
The southwest and southeast all time record in-migration is gonna be slowed down further the more climate change enhances the damage even more.