Get ready for the monster lawsuits against LA City and CA state governments: the Fires
It’ll be way different from what we imagine
(This is Part-8; for Part-9; for Part-7, go here)
It could be another kind of firestorm.
Enraged citizens have lost everything and know the government was totally unprepared to deal with the fires…when of course, FIRE has been a number one concern AND SHOULD HAVE BEEN A NUMBER ONE PRIORITY in California since forever.
According to one estimate, private citizens in the LA area are carrying only about $20 billion in fire insurance.
If the final assessment of damage turns out to be, say, $150 billion, which is possible, where is the other $130 billion going to come from?
Lawsuits filed against LA and State governments.
Do those governments have enough $$ to pay?