Tom Ellsworth

And ready for this? It goes up 15% for renters and condos. However, 38% if it's not a condo. So condos got their own little lane, but they gave State Farm permission to raise it 38% for renters.

And ready for this? It goes up 15% for renters and condos. However, 38% if it's not a condo. So condos got their own little lane, but they gave State Farm permission to raise it 38% for renters.

So that $800 is like a car payment. That's huge. And what's very interesting to me is I dug into this and the administrative law judge, Carl Frederick Seligman, he said, well, this is because of weather events. Another devastating extreme weather event would nearly eliminate State Farm surplus. Their surplus was $2.24 billion. This is what an insurance surplus is.

So that $800 is like a car payment. That's huge. And what's very interesting to me is I dug into this and the administrative law judge, Carl Frederick Seligman, he said, well, this is because of weather events. Another devastating extreme weather event would nearly eliminate State Farm surplus. Their surplus was $2.24 billion. This is what an insurance surplus is.

An insurance surplus is the money they have to set aside because someone's car is going to get stolen, someone's car is going to be in an accident, or you're going to have a fire in your kitchen, no one gets hurt, but you've got to rebuild part of your house. That is what insurance is for.

An insurance surplus is the money they have to set aside because someone's car is going to get stolen, someone's car is going to be in an accident, or you're going to have a fire in your kitchen, no one gets hurt, but you've got to rebuild part of your house. That is what insurance is for.

And so State Farm, when they sell X number of policies, they have to keep putting money in a savings account to cover all this stuff. They had $2.6 billion in it until Palisades burned down. And all the fires in California led by the Palisade. There was also other ones that were just horrifying. And now they're down to $620 million. So they put $1.6 billion, whoosh, out into people's hands.

And so State Farm, when they sell X number of policies, they have to keep putting money in a savings account to cover all this stuff. They had $2.6 billion in it until Palisades burned down. And all the fires in California led by the Palisade. There was also other ones that were just horrifying. And now they're down to $620 million. So they put $1.6 billion, whoosh, out into people's hands.

Now, those people deserve it because they paid for a policy with State Farm, and they suffered a terrible loss. Mm-hmm. Well, now the judge says, hey, they're down to $620 million, and if there's another weather-related event, boy, that would eliminate their surplus. What's he blaming, Vinny? He's blaming weather. Weather event.

Now, those people deserve it because they paid for a policy with State Farm, and they suffered a terrible loss. Mm-hmm. Well, now the judge says, hey, they're down to $620 million, and if there's another weather-related event, boy, that would eliminate their surplus. What's he blaming, Vinny? He's blaming weather. Weather event.

He's not looking at the empty reservoirs, the fire department equipment that wasn't in working order, hydrants that weren't working, and also decisions that they made about not asking PG&E to clear brush and things. No one's looking at that. Oh, it's just the weather.

He's not looking at the empty reservoirs, the fire department equipment that wasn't in working order, hydrants that weren't working, and also decisions that they made about not asking PG&E to clear brush and things. No one's looking at that. Oh, it's just the weather.

So it basically is taking the bureaucrats, you know, Richard, Laura and them out of it and not putting it on people that says, wait a minute. OK, so we got the situation and you're right with only 620 bureaucrats. billion dollars, these people, excuse me, million dollars, these people could be in deep water, State Farm.

So it basically is taking the bureaucrats, you know, Richard, Laura and them out of it and not putting it on people that says, wait a minute. OK, so we got the situation and you're right with only 620 bureaucrats. billion dollars, these people, excuse me, million dollars, these people could be in deep water, State Farm.

But no one's looking at what was going on in PBD before all the public policies and the mismanagement of things that led it to be such a devastating era. And when all the neglect was there, what happened when the wind and fire came to Palisades? Bawoosh. And the fire department was unarmed.

But no one's looking at what was going on in PBD before all the public policies and the mismanagement of things that led it to be such a devastating era. And when all the neglect was there, what happened when the wind and fire came to Palisades? Bawoosh. And the fire department was unarmed.

So I have TMZ reciting or reading some of the testimony from Cassie, if you'd like to play that. Or I have Fox News giving a summary of the first two days of the trial.

So I have TMZ reciting or reading some of the testimony from Cassie, if you'd like to play that. Or I have Fox News giving a summary of the first two days of the trial.

That's racketeering. That's the racketeering charge. For people listening, you just defined racketeering. A criminal enterprise operating like a business illegally is racketeering. What you just described, assistants, coordinators, you're the travel guy, I'm the SUV guy, bingo.

That's racketeering. That's the racketeering charge. For people listening, you just defined racketeering. A criminal enterprise operating like a business illegally is racketeering. What you just described, assistants, coordinators, you're the travel guy, I'm the SUV guy, bingo.