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Old October 18th 17, 03:30 PM posted to rec.bicycles.tech
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Default California's Fires

On Tuesday, October 17, 2017 at 10:25:28 AM UTC-7, jbeattie wrote:
On Tuesday, October 17, 2017 at 7:52:39 AM UTC-7, wrote:
Unfortunately in the Santa Rosa fire Levi Leipheimer's house was burned to the ground. I can only hope that he is solvent enough to repair since I suspect that the insurance companies are going to play the "mass destruction" card and not pay on their policies.


Why would you say that? Assuming any insurer went insolvent, there is the California Insurance Guaranty Association. http://www.caiga.org/ But I doubt that any admitted California insurer is going to go insolvent because of the fires. Most insurers retain only part of the risk anyway, placing the rest with reinsurers. Adjusting claims will be slowed by the number, but anyone insured by a legitimate, admitted insurer probably has nothing to fear.

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