Unholy Alliance

Politics sometimes makes for strange bedfellows. But longtime political observers know that when insurance companies and trial attorneys are on the same side somebody else is getting taken to the cleaners. They are clearly on the WRONG side of key wildfire reform issues and it’s costing ratepayers billions from wildfire liability they didn’t cause. Policymakers should take note. Trial attorneys and insurance companies are both benefiting at the expense of electric ratepayers. Adding insult to injury, insurers are making homeowners policies increasingly unaffordable or unavailable as they refuse to renew policies. As electricity rates continue to skyrocket and homeowners insurance follows suit, voters are going to be wondering why insurance and utility investors are getting rich at their expense.