To the editor: The problem with the fair plan for fire insurance is that the risk group is not large enough (“The insurer of the last resort continued to grow. Then, Los Angeles firefighters paid the price,” April 23). The California Legislature could address the problems limiting the sale of fire insurance only to the fair plan. The owners could be free to buy insurance related to their companies current and dictated by the shareholders. In this way, the risk of fire loss would spread among all owners and not only those in high -risk areas, especially when high -risk areas seem to be propagated throughout the state.
Joseph Haythorn, Los Angeles
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To the editor: The problems faced by our insurance companies and the fair plan of the State have been predicted as a result of our lack of attention to climate change. Günther Thallinger, who is at the advisory board of one of the world's largest insurance companies, Allianz se, warned That climate change, if not controlled, would havoc on the world's economic systems. He predicts that as environmental catastrophes continue to increase, insurance companies could no longer offer insurance in homes and other infrastructure, and governments could not close the differences. Without insurance, mortgage companies could no longer offer mortgages and without those, our banking industry would collapse.
We are already seeing the beginning of its prediction with insurance companies that withdraw from a large part of California and the state plan has difficulty covering its costs. If this is not a call to a drastic action on our part as citizens, then I am not sure what would be needed. We need to ensure that our government acts now to face the climatic crisis.
Karl Reitz, San Clemente
