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Mats Holberg /
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2024-05-21 02:32:57

Mats Holberg on Nostr: This is a HUGE deal in a lot of ritzy LA zip codes. Either not being able to get fire ...

This is a HUGE deal in a lot of ritzy LA zip codes. Either not being able to get fire insurance at all or being presented with annual premiums like $200,000.

Really wondering what kind of effect this will have on valuations.

Bloomberg: Beverly Hills 90210 Mansions Lose Fire Coverage as Insurers Flee

State Farm is discontinuing fire insurance policies in wealthy California areas. It’s part of a nationwide trend fueled by climate change.

https://apple.news/AJwqcU6tRRCqgB3Z21ykl8g
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