A view of downtown Los Angeles seen from the Hollywood hills. (Photo: logoboom, via Shutterstock)OPINION: Perhaps the greatest financial risk faced by Californians today has nothing to do with rising interest rates or a looming recession. Rather, it is the loss of access to products they rely upon to protect their most valuable assets: auto, homeowners and commercial insurance.
A Los Angeles police officer inspects the damage of a car crash. (Photo: Matt Gush, via Shutterstock)OPINION: Imagine paying the insurance premiums on your home for years, thinking you’re protecting yourself against disaster. Then, horribly, one day your house burns to the ground in a catastrophic fire. Only then do you find out the shocking news that your insurance policy will pay the cost to replace your home – but only up to the value of what the home was worth in 1967, back when Lyndon Johnson was President.
Automobiles in a wrecking yard awaiting dismantling. (Photo: 1Roman Makedonsky, via Shutterrstock)OPINION: Imagine a business that is unregulated and not held accountable for the improper handling of hazardous materials and fluids that make their way into our drinking water and the waterways that support our wildlife. Then consider that these cash-only businesses fail to provide their employees with a safe working environment or fair wages, accept stolen goods and do not pay taxes.
Illustration: Quentin Lueninghoener, FairWarningFairWarning: The formula has turned the firm, now named Exponent, Inc., into a publicly traded giant in litigation defense and regulatory science. It’s a go-to destination for major industries with liability problems – even as it is derided by critics as a hired gun whose findings are for sale.