"Nearly 6,000 properties sit in various stages of insurance dispute, debris clearance, redesign or financing limbo. What has stalled progress, residents say, is not a lack of will, but a lack of coordination, capital flow, clear accountability and the critical question around insurance."
"What unfolded was less a political stop and more a systems-level briefing, a detailed diagnosis of where many say California's wildfire recovery model is breaking down, more than a year out from the Jan. 7, 2025 disaster that killed 12 people and destroyed thousands of structures in the coastal area from L.A.'s Palisades to Malibu."
"From the outset, one issue dominated the conversation: insurance. Residents, recovery practitioners and finance professionals described an insurance market in retreat. Nonrenewals and cancellations have surged, and premium increases exceeding 90% have become common."
San Jose Mayor Matt Mahan toured fire-damaged areas in Pacific Palisades with developer Rick Caruso and LA Councilmember Traci Park to assess recovery progress over a year after the January 2025 fire that killed 12 people and destroyed thousands of structures. Nearly 6,000 properties remain stuck in various stages of insurance disputes, debris clearance, redesign, or financing limbo. Behind closed doors, Mahan joined 40 stakeholders for a recovery roundtable led by the Palisades Recovery Coalition. The meeting revealed systemic failures in California's wildfire recovery model, with insurance emerging as the dominant issue. The insurance market is retreating, with nonrenewals, cancellations surging, and premium increases exceeding 90% becoming common.
#wildfire-recovery #insurance-crisis #pacific-palisades #disaster-recovery-systems #california-resilience
Read at The Mercury News
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