To the publisher: The problem with the equitable plan for fire insurance is that the risk pool is not large enough (“The insurer of the last appeal continued to grow. Then the victims of Fire paid the price “,” April 23). The California legislature could solve problems by limiting the sale of fire insurance rightly. The owners could be free to buy related insurance to their current companies dictated by shareholders. In this way, the risk of fire loss would be distributed among all the owners and not only those in high -risk areas, especially since the high -risk areas now seem to spread throughout the state.
Joseph Hayythorn, Los Angeles
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To the editor: The problems faced by our insurance companies and the state exposure plan were predicted following our inattention to climate change. Günther Thallinger, who is part of the advisory council of one of the largest insurance companies in the world, Allianz SE, warned This climate change if it is not controlled would wreak havoc on global economic systems. He predicts that environmental disasters continue to increase, insurance companies would no longer be able to offer insurance on houses and other infrastructure, and governments would not be able to fill the differences. Without insurance, mortgage companies could no longer offer mortgage loans and without them, our banking sector would collapse.
We already see the beginnings of his prediction with insurance companies withdraw from a large part of California and the state plan having difficulty covering its costs. If it is not a call for drastic action on our part as citizens, then I do not know what it would take. We must make sure that our government is acting now to deal with the climate crisis.
Karl Reitz, San Clemente
