You need really disaster protection because if the weather keeps getting worse, the private market for those really big events is going to be too expensive, he told Reuters on Wednesday when the company reported third-quarter results. The bank expects economic growth of 6.6% in 2021, compared with a previous forecast of 6.4%, according to a report published on Saturday. Growing risks of wildfires have led insurers to drop thousands of homeowners in the most vulnerable areas, according to the California Department of Insurance. Slideshow ( 2 images )Democratic presidential challenger Joe Biden was leading Republican incumbent President Donald Trump in electoral college votes on Wednesday evening, as the ballot count looked poised to stretch into a third day. The government often pumps money into areas after they have been devastated, but a government-backed insurance program could create a structure more equitable for taxpayers, he said.
The government-backed insurance program turns itself into a private insurance program.
( z0 turn :ARG0 ( z1 program :ARG1-of ( z2 back :ARG0 ( z3 government-organization :ARG0-of ( z4 govern ) ) ) :topic ( z5 insure ) ) :ARG1 z1 :ARG2 ( z6 program :ARG0-of ( z7 insure ) :ARG1-of ( z8 private ) ) )
(z0 / turn-02
    :ARG0 (z1 / program
              :ARG1-of (z2 / back-01
                           :ARG0 (z3 / government-organization
                                     :ARG0-of (z4 / govern-01)))
              :topic (z5 / insure-02))
    :ARG1 z1
    :ARG2 (z6 / program
              :ARG0-of (z7 / insure-02)
              :ARG1-of (z8 / private-03)))
The government - backed insurance program turns itself into a private insurance program .
z3 :ARG0-of z4
z2 :ARG0 z3
z1 :topic z5
z1 :ARG1-of z2
z0 :ARG1 z1
z0 :ARG0 z1
z6 :ARG0-of z7
z6 :ARG1-of z8
z0 :ARG2 z6