Quote Originally Posted by Raiders22: @StumpTownStu Quote Originally Posted by StumpTownStu: @Raiders22 I misread my bros post. Californian utility companies absolutely cut off power in times of high wind, and even during active fires. I believe this started with PG&E after being hit with massive lawsuits alleging that their power lines caused fires. Now rolling black outs are the norm for many Californians when winds pick up. Absolutely, they got hit massively by the suits. But it cannot be blamed wholely on old infrastructure, or even, faulty ones. People that have not experienced these winds and dry conditions do not realize what little spark it can take. The electric companies are really put in a difficult spot. I have a lot to say about the subject of fire and Californiaonce I take care of a couple things but those lawsuits weren't just in my opinion. And just like home owners lose insurance coverage due to the prevalence of these fires, utility companies also have insurers. And said insurers are like, "You have to do something." And power outtages was their solution. I don't blame them but you have feel for, let's say your best friend, who gets hit with a rolling blackout in 100+ heat with new born twins.
Yep. But not just 'your best friend'; but 'you'.
Like Twain said: "It is a recession when your friend loses his job; but a depression when you lose your job".
You are correct. The insurers have been put in a bad spot as well. You see that in other places, like Florida.
They are in the business of making money, not losing money.
So, now you have more and more people moving to these areas, that are hurricane-prone, and building more expensive places to insure. Then you couple that with the cyclical nature of hurricanes. Then what happens when they hit Florida for a few years.
Then you have CA, where there are already so many folks concentrated in that area. Then the real estate prices have shot up.
Then folks expect there insurance rates to stay the same.
Insurers are put in a very bad spot as well. Then they almost 'force' other customers, in say Montana (or any less disaster-prone place), to almost subsidize the disaster-prone places. Or, they simply have to withdraw from the bad states in order to make a profit.
A real mess in a lot of ways.