Sacramento, CA — Republican Assemblyman David Tangipa says the wildfire crisis is burning through the wallet of California residents.
It is the focus of a new myMotherLode.com blog he has authored. Tangipa writes, “Last week, the California FAIR Plan, the state’s insurer of last resort, requested a staggering $1 billion assessment. The reason? The FAIR Plan has exhausted its cash reserves covering billions in claims from just two fires—the Palisades and Eaton fires. But this isn’t just a financial burden for insurance companies. It’s a cost that will trickle down to every homeowner in California.”
The blog continues by explaining further details and making a plea for, “prevention, not reaction.”
Find the full blog by clicking here.
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