In this episode of The Money Runner, David Nelson dives into the devastating California wildfires, now projected to be the worst insured wildfire loss in history. With damage estimates soaring as high as $250 billion, the disaster exposes a staggering $1 trillion hole in America’s insurance system. Why are insurers leaving California? What does this mean for homeowners, taxpayers, and the future of wildfire coverage? Tune in as we unpack the financial, political, and environmental implications of this unprecedented crisis.
Disclosure: "At the time of this article I currently hold shares in some of the companies mentioned as part of investment portfolios in funds I manage for Belpointe. Additionally, I may discuss other securities that are under consideration for future investment; however, discussing these securities is not a recommendation to buy, sell, or hold. My mention of these securities reflects my personal opinion and analysis at this moment and may change without notice. Please remember that all investments involve risks, including the possible loss of principal."
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