CA Home Insurance in Full Crisis & TikTok’s Last Pitch to Supreme Court
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What is the insurance crisis in California?
Tobi is so back. We are very glad you are feeling better and in mostly full voice. This return is conspicuously well timed for a Friday too. Tobi, what did you even do? You said you didn't leave your apartment for 54 straight hours.
Well, first of all, you and Kyle held it down as always, so shout out to you guys. But yes, I did what anyone who was just sitting around and wallowing, saving their vocal cords would do, and that is, I took up the game of Bridge, you know, the age-old card game, way harder than I ever imagined. I always thought it was similar to Spade, similar to these other trick-taking games, but I went down the rabbit hole, and I have a lot to learn.
You know that Es ist eine Reputation, die das komplizierteste Karten-Spiel auf der Erde ist. Ich weiß nicht, was du denkst. Was machst du, um in dieses Spiel zu kommen?
Es gibt eine App, die Tricky Bridge, die ich gelesen habe. Ich weiß, dass du sie auch gelesen hast. Ich denke, was ich sagen möchte, ist, dass Neil und ich uns für ein paar Bridge-Partner suchen, um mit unseren Kräften zu arbeiten. Aber ja, das war meistens, was mir Zeit genommen hat. Und natürlich auch, um die Vocal Chords zu retten. Now a word from our sponsor, Public.com.
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What are the Dogs of the Week this episode?
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Wildfires continued to rage across Los Angeles for a third day yesterday in what the fire department chief called one of the most destructive natural disasters in the history of the city. Neighborhoods obliterated, at least 10 people have died, more than 35,000 acres burned, an area twice the size of Manhattan. Die beiden größten Blasen, der Eton-Fahrzeug nahe Altadena und der Palisades-Fahrzeug, der die Palisaden des Pazifikus verletzt hat, sind bis heute noch nie vorhanden. Mehr als 360.000 Menschen sind unter mandatorischen Evakuierungsordnungen.
How do Japanese smart toilets compare in the US?
Selbst mit dem Feuer noch anzuerkennen, hat die Aufmerksamkeit gestern zu den Kosten des Schadens gewechselt, was erwartet zu sein, dass es astronomisch und fast unvorhergesehen ist, je nach dem Wert der Häuser und Strukturen, die in Flammen geflogen sind. J.P. Morgan hat die totalen ökonomischen Löhne auf 50 Billionen Dollar gesteigert. Tobi, this insurance mess.
Just went from already really bad to worse.
Right. If you look at the specific areas affected, like Pacific Palisades, State Farm didn't renew policies for over 72,000 homes or apartments in that region. 70% of the insured homes that have been flattened by the fires were part of those homes that were not renewed by State Farm. So, you mentioned the state plan that has kind of stepped in here in place of these private insurers. That is called the FAIR plan. It's a limited fire insurance plan offered by the state of California. Coverage under that FAIR plan for Palisades residents spiked 85% from September of 2023 to September of 2024. So it's It is putting a ton of pressure on what was supposed to be this last resort plan paid for by the state.
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Chapters
6 chapters
1
What is the insurance crisis in California?
0:43–1:55
2
How is TikTok fighting for its survival?
1:55–2:29
3
What are the implications of the recent wildfires?
2:29
4
What are the Dogs of the Week this episode?
2:07–3:11
5
How do Japanese smart toilets compare in the US?
3:11–5:12
6
What are the latest headlines before the weekend?
5:12–27:02
Speakers
2 identifiedMore from Morning Brew Daily
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