Earthquake Insurance Rates
We protest! Now it’s our state agency, the California Earthquake Authority, that carries discrimination to a new high through adoption of a “redlining” policy.
On behalf of Tarzana Property Owners Assn. members, the following letter has been sent to Charles Quackenbush, California state insurance commissioner, with copies to Gov. Pete Wilson, Sens. Tom Hayden and Herschel Rosenthal, Assemblywoman Sheila Kuehl and Los Angeles County Supervisor Zev Yaroslavsky:
“With earthquake faults crisscrossing the entire state, the San Fernando Valley should not be singled out as ‘most vulnerable, therefore most liable financially’ (our quote). This is totally inequitable and totally indefensible--an arbitrary quirk of irrational thinking. No one is omniscient when it comes to predicting the location and severity of the ‘next Big One.’ ”
The new rate structure not only must be reviewed, it must be revised so everyone shares the financial load equally.
GREG NELSON
Tarzana
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