Get ready for the monster lawsuits against LA City and CA state governments: the Fires
It’ll be way different from what we imagine
∙ Paid
(This is Part-8; 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?
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(Source: jonrappoport.substack.com; January 14, 2025; https://jonrappoport.substack.com/p/get-ready-for-monster-lawsuits-against-la-city-cal-state)