“How are we going to pay these claims? We’ve run out of money!!” says the claims department. “No problem” says management, “We have a Plan B, and if that doesn’t work we have a Plan C, and, God Forbid, if that doesn’t work we have a Plan D!”
As homeowners try to recover from the fires, they could face challenges. Many homeowners in California have already experienced difficulty getting insurance, and some have had their insurance canceled.
Dave Jones, former California insurance commissioner, joins “Dan Abrams Live” to discuss.
