Ex-Illegal Alien Senator Suspected of Bribery Leads California’s Insurance
The Los Angeles wildfires estimates have hit $40 billion and may continue to rise. These are four times the losses of the most recent destructive fires and that is likely to convince even more insurance companies to leave the state and make homeowners even more uninsurable. The exodus of insurance companies led to a 123% increase in the number of California homeowners relying on the state’s FAIR Plan. The FAIR Plan, a government gimmick that seemed good at the time, has $458 billion in total exposure and $4.8 billion in exposure from the current fires, but only has $377 million to cover claims. Once that’s exhausted, the state is likely to hit up insurance companies and homeowners to make up the difference. With mudslides expected to arrive after the rains, the chain of disasters may just be getting underway. While the state’s worst insurance crisis was going on, Sen. Susan Rubio, the former chair of the Senate Insurance Committee, was fighting for illegal aliens while under suspicion ...