LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland

3511.311 - 3529.23 David Friedberg

They have about 6 billion of exposure in Pacific Palisades alone. This is a bankrupt, just like I told you guys about in Florida. The State Insurance Commission tries to step in and fill the market gap that they create by regulating rates. And then they don't have enough capital to actually fill the gap because the reason the rates want to go up is because the thing costs more