All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
David Friedberg
I'll give you another California Department of Insurance stat. So after the California Department of Insurance wouldn't allow the rates to rise like they should from a free market perspective, they had to set up their own insurance program called the Fair Plan for homeowners. It has about $220 million of capital in it. And then they bought about $5 billion of reinsurance.
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