“SACRAMENTO -- Gov. Arnold Schwarzenegger will propose hiking the cost of insurance for millions of California homes and businesses in the budget he unveils Thursday, with the money to be used for firefighting efforts.
Administration spokesman Adam Mendelsohn said the proposal ultimately would save Californians money by limiting the devastation caused by wildfires and other disasters that have cost state government and policyholders billions of dollars.
"The economics of this makes sense," he said, asserting that the cost would be $10 a year for the average California homeowner. "Consumers and the state will end up saving money."-LA Times
