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Environment & Energy

hatrack

(64,821 posts)

4. Per the article, the guaranty cuts off at $500k . . .

Reply to TexasTowelie (Reply #3)

Tue Dec 4, 2018, 10:25 AM

Dec 2018

Not sure if that would affect most properties in and around Paradise, but likely there are some luxury homes back of beyond up there where the owners are going to get clipped.

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Highlight:

Judge Rules CA Insurer Insolvent Because Of Camp Fire; $64M In Paradise Liabilities, $23M In Assets [View all] hatrack Dec 2018 OP

As a small insurance company lapfog_1 Dec 2018 #1

The fact that they had the reinsurance contracts and transferred some of the risks TexasTowelie Dec 2018 #3

Per the article, the guaranty cuts off at $500k . . . hatrack Dec 2018 #4

Thanks, I didn't read that far in the link so I didn't know the California guaranty fund limits. TexasTowelie Dec 2018 #5

Natural disasters are huge risks for small regional insurance companies TexasTowelie Dec 2018 #2