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On 1/12/2025 8:44 AM, Paul S Person wrote:On Sat, 11 Jan 2025 11:32:54 -0800, Dimensional TravelerIt was in part. The electrical utilities have spend a lot of money
<dtravel@sonic.net> wrote:
On 1/11/2025 8:54 AM, Paul S Person wrote:On Fri, 10 Jan 2025 14:48:19 -0800, Bobbie Sellers
<bliss-sf4ever@dslextreme.com> wrote:
<<snippo more stuff>>
>So Southern California should be abandoned by all but the>
entertainment industry and the retirees should move to Florida.:^(
Florida is out -- retirees are fleeing because of the high condo fees,
or some such nonsense.
>
Well, according to /some/ online sources, anyway.
High insurance costs for all the beachfront buildings that are starting
to subside because of rising sea levels and the resulting knock-on
effects from that like insurance companies refusing to add new policies
or renew existing ones because doing so would endanger their profits.
It's either that or raise rate ... nationwide. Gotta get the money to
cover the claims from /somewhere/, and adding it to the National Debt
is not available. So far.
As other posts discussed, California is in a similar situation due to
wildfires. Which ultimately may mean "poorly-managed infrastructure,
specifically electricity distribution". Or not, as the case may be.
(rate hikes) over the last several years updating and upgrading their
electrical equipment. The largest has been moving their lines
underground, which is not quick or cheap.
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