Yeah no the CA fires are the perfect storm of bad management, bad policy, and bad weather. People have been saying for years that stuff needs to change, and nobody gives two hoots when it’s NorCal.
"Resources." They didn't want to pay to do the work so that citizens will bear 100% of the risks and costs even though they already paid for it. We'll also have to pay to bail out the insurance companies that I guarantee will cry that they don't have large enough reserves despite historic stock buybacks and dividends in the industry.
This, but for basically every for-profit insurer for the past five years. Anyone with insufficient reserves now should be nationalized because clearly their for-profit model is useless.
Pretty much the same shit happened in Alberta with the forest fires last year. Budget cuts followed by devastating fires. Whoops we have no money because we gave it all to fossil fuel subsidies.