How Democrats failed Los Angeles

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CALIFORNIA'S INSURANCE CRISIS: $1B EMERGENCY BAILOUT AFTER LA FIRES
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The Beholden State's last-resort insurer runs dry as wildfire claims soar, forcing private insurers to foot a record $1B bill - the largest emergency assessment since 1968.

The domino effect:

- Private insurers must pay within 30 days

- Costs will hit homeowners statewide = Half million homes now on last-resort plan

- State Farm begs for a 22% rate hike

This could accelerate the insurance exodus from California.












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