CALIFORNIA FIRES UPDATE 1/19/2025 ~ THE DOGE CZAR AND BIDEN HARRIS ADMINISTRATION AND PENTAGON HAVE SOME EXPLAINING TO DO TO AMERICANS NOW
Great News For Decreased EVS! Trump Declares No EVS Mandates By 2035! US LIVE: Trump's Huge Assassination Bombshell In First Speech To World After Presidential Oath
Those interested in learning what the CEO’s earn in the high bracket, when policies are denied, know that the business conglomerates are involved in stocks and trading to the greatest degree in history. Companies exist not for the people doing business with them but for the people doing business off the business earnings gained by the people served by the business. This leads to super exaggerated inflationary prices extracted by companies burdening the people to the worst degree. When they say no way no service even though you pay for it…
Insurance CEO salary: How much do executives of the top insurers earn? | Insurance Business America. Did you say your insurance just went up about 30% in the last year? It did much to the shock of the nation, nobody was spared. Trickle down effect in reverse, double speak trickle effect.
🆘 286 Fire Trucks Sit Idle In Disrepair Los Angeles Days Before Fire Breaks Out!
One Week into Los Angeles January Fire below
Americans are less than 1 paycheck away from homelessness and Los Angeles fires are straining the system.
California isn’t the only place where insurers are dropping homeowners
Todd C. Frankel, (c) 2025 , The Washington Post Sat, January 18, 2025, 10:31 AM PST
A growing number of homeowners nationwide are being dropped by insurance companies as firms and regulators struggle to deal with the unpredictable and costly risks of climate disasters.
Nonrenewal notices surged by nearly 30 percent from 2018 to 2022 to more than 620,000 a year, according to a Treasury report released Thursday that examined 246 million policies nationwide. Nonrenewal rates were nearly 80 percent higher in Zip codes that faced the highest risk from insurance perils such as strong winds and wildfires compared with the lowest risk areas.
The rise of nonrenewal notices, as they are called, has attracted attention and criticism during the ongoing Los Angeles wildfires, where some major insurance companies had said last year they were dropping thousands of homes that ended up burning down in the raging fires.
But it’s not just a California thing. Florida, Louisiana and North Carolina all posted nonrenewal rates higher than the Golden State in 2023, according to a Senate report released in December. Florida’s rate was nearly 3 percent, compared with California’s rate of about 1.8 percent. That report also found an increased rate of nonrenewals nationwide.
The spike in nonrenewals is being driven by the increasing severity of extreme weather events, higher inflation pushing up the cost of rebuilding and stiff regulations that make it harder for insurance companies to raise prices to cover their costs, according to industry officials and consumer advocates.
“If you’re getting a nonrenewal, you have a really high level of risk,” said Jeremy Porter, head of climate implications research at First Street Foundation, a nonprofit research firm that compiles climate risk data.
Insurers also have struggled to accurately price in the risk of promising to rebuild homes in the many parts of the country vulnerable to wildfires, hurricanes and wind storms. The computer models used to identify the riskiest areas, built on historical weather patterns, have been upended by climate change. Porter said he’s heard of hail models that are largely outdated because today’s storms can be so much bigger than in the past.
“I think we’re getting to a point where insurance could be unaffordable in some places,” Porter said.
Homeowners have seen insurance premiums soar - up 33 percent from 2020 to 2023, according to a National Bureau of Economic Research report. Insurance is required in most cases on properties with mortgages.
As prices rise, some have turned to state-run insurance pools as a last resort to find coverage. But others have opted to drop insurance entirely - what’s known in the industry as “going bare.” The number of homes without insurance has nearly tripled since before the pandemic, according to survey estimates.
In some states, insurers say regulators have made it harder for insurers to raise rates sufficiently to cover the growing threat from hurricanes, wildfires and severe storms. Rate hikes are especially difficult in states such as California, where regulators must sign off on changes. So some companies say they feel forced to abandon policyholders, as a wave of insurers did in recent years. Regulators say they are trying to protect homeowners.
Insurers have been hit with big losses in their homeowners policies in recent years. The U.S. homeowner’s insurance market paid out $15.2 billion more in claims and costs than it collected from policyholders in 2023, the worst result this century and double the loss in 2022, according to AM Best, a credit-rating agency focused on the insurance industry.
The numbers for 2024 are not expected to look any better, said Karen Collins, property and environmental vice president at American Property Casualty Insurance Association, a trade group.
“There’s a higher frequency of higher severity events, and people are moving to riskier areas,” Collins said, pointing to rapid population growth in states such as Florida.
Nonrenewal notices are a sign of “either pricing pressure or risk pressure,” said Dave Jones, the California insurance commissioner from 2011 to 2018 who now runs the Climate Risk Initiative at the University of California at Berkeley’s School of Law.
Last year, California’s largest homeowners insurance company, State Farm, announced it would not renew thousands of policies. The company said it needed to reduce its exposure in high-risk areas and restore its “financial strength” after it had already stopped selling new home policies in the state.
The nonrenewals were the next step, such as dropping almost 70 percent of its policies - representing about 1,600 homes - in the Zip code that includes Los Angeles’ Pacific Palisades neighborhood, among the hardest hit areas during the ongoing L.A. wildfires. It is not known how many of these homes burned down, but State Farm’s action was criticized by some people who accused it of abandoning customers, even though the insurer gave several months’ warning. Many found coverage with the state-backed “insurer of last resort” known as the Fair Plan, according to state regulators.
But nonrenewal rates are even higher in states such as Florida, where the price for homeowners insurance is high and rules have been changed to entice insurers to do business, Jones said.
“Climate change in the long term will outrun whatever is being done on the regulatory side,” he said. “We’re not going to rate increase our way out of the problem.”
The insurance industry has pushed for more flexibility from regulators to account for the new reality. It also has asked for help with other obstacles it says leads to dropped policies, such as fraudulent claims.
California was in the middle of updating its insurance regulations when the wildfires hit last week. The state’s homeowners pay among the lowest insurance premiums in the country, despite the state’s abundant risks, said Mark Friedlander, director of corporate communications at the Insurance Information Institute, a nonprofit funded by insurers.
On the other end of the country, Florida’s problems are “a man-made crisis, not a natural disaster crisis” fueled by fraud, Friedlander said. New state laws have helped address that, he said.
Florida’s Glades County had the highest nonrenewal rate in the country in 2023, with insurers dropping 16 percent of the roughly 2,900 homeowners there, according to the Senate report. The rural county in the state’s south-central region saw widespread destruction during Hurricane Milton in October.
In 2023, Mike Chaney, Mississippi’s insurance commissioner, heard Nationwide planned to cancel thousands of homeowners’ policies along the Gulf Coast. He was not happy. The insurance company was targeting a number that fell just below the threshold where it would need to report the changes to regulators, right after it had pushed to write more policies along the Gulf Coast, he said. Mississippi posted the sixth highest nonrenewal rate that year, according to the Senate report.
Chaney started calling regulators in other states to see if he was alone. “They don’t always tell you what you need to know,” Chaney said of insurance companies.
He called up Mike Causey, the North Carolina insurance commissioner, and discovered that Nationwide was looking at dropping about 10,000 home policies there. Causey said insurers seemed to be getting pickier about who they would insure than 10 or 20 years ago. “And that’s because of the higher risk,” he said. North Carolina had the third highest rate of nonrenewals in 2023.
Nationwide’s nonrenewal notices were part of a broader “rebalancing” of its insurance lines to deal with “increasingly severe catastrophic losses,” the company said in a statement.
Chaney said he convinced Nationwide to drop only about 3,200 policies. Residents were rattled, but he said he worked to get some homeowners into the state’s insurance pool, and he reached out to other insurance companies to encourage them to pick up some of the dropped policies, too.
“We were able to place them all,” he said.
Now, he is looking out at what’s happening with the L.A. wildfires, certain that it will affect rates even in Mississippi.
Insurance companies buy policies to protect themselves, too. And the reinsurance market is a national and even global one. So the cost of reinsurance could spike to cover claims in California, leading to higher rates for customers in Mississippi.
“Reinsurance is the issue,” Chaney said.
The problems for homeowners are expected to continue. The cost of insurance will continue to rise as companies try to price in the risk from a rising number of climate threats - potentially leading to some homes and locations becoming unaffordable.
“We are marching steadily to an uninsurable future,” said Davis, the former California regulator.
- - -
Kevin Crowe contributed to this report.
Is it time to recalculate the fatal attraction to EVS and the lithium batteries? There’s feasible hydrogen fuel packs, still highly flammable, but they put out water instead of fuel and don’t require nuclear waste backbones to fuel the job. And hydrogen fueled vehicles emissions of water are much safer than lithium battery powered EVS.
Fire at PG&E’s Tesla battery in California is now under control~ World’s largest lithium battery storage facility!
Fire first week: Lithium battery exposure is toxic and injury causes death, burns that may continue to burn the skin after contact, and death from flying lithium battery packs and parts bursting out of burning lithium batteries.
Vistra's battery storage facility goes up in flames, spurs evacuation orders
(Reuters) - One of the world's largest battery storage facilities is being consumed by flames near San Francisco on Friday, and officials say the best solution is to let the factory continue to burn, even as it releases toxic fumes into the air.
Vistra Corp's 3000-megawatt Moss Landing energy storage facility went up in flames on Thursday, in a blaze that is expected to remain contained to the building. The company's shares dropped about 6% in premarket activity.
The fire is nowhere near the Los Angeles-area wildfires.
About 40% of the building has been consumed in the fire, whose cause remains under investigation.
"There are no active fire suppression efforts going on, as the best approach, according to fire staff, is to allow the building and batteries to burn," according to a Monterey Sheriff official.
Both Vistra and the county official said that all site personnel had been evacuated and no injuries were reported. The fire had also prompted evacuation of places nearby.
LAFD Wages To Escalate!
(Reuters) - One of the world's largest battery storage facilities is being consumed by flames near San Francisco on Friday, and officials say the best solution is to let the factory continue to burn, even as it releases toxic fumes into the air.
Vistra Corp's 3000-megawatt Moss Landing energy storage facility went up in flames on Thursday, in a blaze that is expected to remain contained to the building. The company's shares dropped about 6% in premarket activity.
The fire is nowhere near the Los Angeles-area wildfires.
About 40% of the building has been consumed in the fire, whose cause remains under investigation.
"There are no active fire suppression efforts going on, as the best approach, according to fire staff, is to allow the building and batteries to burn," according to a Monterey Sheriff official.
Fire broke out in a battery energy storage facility housing a 182.5 MW Tesla Megapack system, where at least one of the battery units caught on fire. The facility is operated by utility PG&E and is located in Monterey County, California, in the United States.
“There have been no injuries to onsite personnel, and there are no electrical outages for customers at this time due to the incident,” Jeff Smith, operations and communications manager at PG&E, told pv magazine.
The fire started at 1:30 am Pacific Time (PT) on the morning of September 21, and was fully controlled by firefighters at the North Country Fire Department by 7:00 pm PT. It caused California’s Highway 1 to shut down. The County Sherriff's Office lifted its twelve-hour long shelter-in-place advisory at 7 pm PT and reopened the roads. Residents had been asked to shut all windows and turn off ventilation systems due to the hazardous material emitted by lithium-ion battery fires. The County Office advised via Twitter that smoke may still occur in the area for several days despite the fire being fully controlled.
According to local media reports, firefighters let the initial megapack burn out and worked to prevent flames from spreading to adjoining batteries and structures in the large-scale system, as per protocols recommended by PG&E and Tesla to the fire department. The cause of the fire is still unknown, and a joint investigation will be carried out by PG&E and Tesla.
“Safety systems at the facility worked as designed and automatically disconnected the battery from the electrical grid,” Smith said. Property damage to the battery is expected to exceed $50,000, according to preliminary information shared by PG&E.
The Californian facility is one of the biggest utility-owned, lithium-ion battery energy storage systems in the world. A Tesla Megapack also caught fire last year in the Victorian Big Battery in Moorabool, Australia.
CALIFORNIA FIRES UPDATE 1/19/2025 ~ THE DOGE CZAR AND BIDEN HARRIS ADMINISTRATION AND PENTAGON HAVE SOME EXPLAINING TO DO TO AMERICANS NOW
All EVS Power Stations Need To Be Removed Due To Environmental Imminent Catastrophe Toxic And Fire Emergency Dangers!
And Make no mistake about EVS, they are least effective and safe on the environment and people because of two major flaws:
1. EVS electric vehicles 🚗 rely on the expansion of toxic nuclear power which is toxic to earth and the environment wherever it is and wherever it is used
2. Lithium salts are mined to a fault ruining pristine nature in Goliath swaths of land universally destroying the land, water, ecosystems and lives of everyone and everything with zero cost returns to nature
Tesla Owned World’s Largest EVS Lithium Battery storage facility in pristine Monterey is burning out of control and Over 2,000 people have been evacuated so far!
Massive fire at California battery plant forces evacuations, raises safety concerns for green energy pushhttps://www.naturalnews.com/2025-01-18-massive-fire-california-battery-plant-forces-evacuations.html
Unbelievable! EVS Power Stations Have Lithium Batteries Powering Them Up!
Energy Storage Batteries in Electric Vehicle Charging Stations! Guess What’s Burning 🔥 In Pristine Monterey At Miss Landing Power Storage Facility Housing World’s Largest Lithium Batteries Now!
Electric vehicles (EVs) are no longer a futuristic concept; they are part of our present reality. With the increasing adoption of EVs, there's a growing need for efficient and reliable charging infrastructure. This is where energy storage battery, specifically rack-mounted batteries, come into play. In this blog post, we'll explore how integrating these batteries into EV charging stations can revolutionize the industry, offering numerous benefits and paving the way for future advancements.
Enhancing EV Charging Infrastructure with Rack Mounted Batteries
Key Benefits of Integrating Energy Storage with EV Chargers
Real-Life Examples: EV Charging Stations Powered by Advanced Batteries
Comparing Energy Storage Solutions for EV Charging
Future Trends in EV Charging and Energy Storage Integration
Enhancing EV Charging Infrastructure with Rack Mounted Batteries
The integration of rack mounted battery in EV charging stations is transforming the landscape of electric vehicle infrastructure. These batteries offer a reliable and efficient solution for managing power demands and ensuring consistent energy availability. By storing excess energy during off-peak hours and releasing it during peak times, they help alleviate the strain on the grid and ensure that EV drivers always have access to a fully charged vehicle. The 51.2V 100Ah LiFePO4 battery, for example, is designed for optimal performance and can be easily integrated into existing energy systems, making it a versatile choice for both residential and commercial settings.
Key Benefits of Integrating Energy Storage with EV Chargers
Integrating energy storage batteries with EV chargers offers several significant benefits. Firstly, it enhances the reliability of charging stations by providing a consistent power supply, even during grid fluctuations. Secondly, it reduces energy costs by storing excess energy during off-peak hours when electricity rates are lower and using it during peak times. Thirdly, it supports the use of renewable energy sources such as solar and wind power, ensuring that EV charging is as green as possible. Lastly, it can improve the overall user experience by reducing wait times and ensuring that charging stations are always operational.
Integrating energy storage batteries with EV chargers offers several significant benefits. Firstly, it enhances the reliability of charging stations by providing a consistent power supply, even during grid fluctuations. Secondly, it reduces energy costs by storing excess energy during off-peak hours when electricity rates are lower and using it during peak times. Thirdly, it supports the use of renewable energy sources such as solar and wind power, ensuring that EV charging is as green as possible. Lastly, it can improve the overall user experience by reducing wait times and ensuring that charging stations are always operational.
