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Dr. Jeff Masters
drjeffmasters.bsky.social
did:plc:wznrpi4wyqhcv5onowp3lmcs
Some extraordinary exposure: California’s “FAIR Plan, growing at a rate of about 27 percent a year, has only about $250 million in cash on hand. One major fire near Lake Arrowhead, where the Plan holds $8 billion in policies, would plunge the whole scheme into insolvency.”
https://open.substack.com/pub/susanpcrawford/p/when-the-hole-swallows-the-donut?r=fykqe&utm_medium=ios
2024-03-23T18:48:23.292Z