Diego Torres-Palma

Developer of #commercialrealestate ➕ Investor in #startups
🎙Host: Startup to Storefront

[Omer Osman @OmerOsman200]

The Toronto Raptors are training at the ASB GlassFloor Athletes Lab in Orlando and I got to say, the technology is MINDBLOWING.

Using LED lights to change to any court you want (even the NBA Cup courts), to drawing up X’s and O’s that show up on the court. 😳

Future is here.

[Saturday Night Live @nbcsnl]

CouplaBeers

[Collin Rugg @CollinRugg]

NEW: LA Times owner Dr. Patrick Soon-Shiong says it was a mistake for his paper to endorse Karen Bass, says competent people should be elected, not professional politicians.

While I'm glad people are waking up, this is not some profound concept.

"We endorsed Karen Bass. I think right now, that's a mistake. And we admit that."

"I think we were one of the few to say competence matters... the interesting thing is that maybe we should think about how we elect people on the basis of did they actually run a job?"

"Did they actually make a payroll? Do they understand what it is?"

"Rather than having professional politicians whose only job is ready to run for office."

[Diego Torres-Palma @DTorresPalma]

Insurance companies are pulling out of California, and homeowners are paying the price. How do we create a future where wildfire risks don’t bankrupt insurers or homeowners? Let’s start with smarter planning and mitigation. #WildfireCrisis #LARealEstate #Insurance

[Diego Torres-Palma @DTorresPalma]

#PalisadesFire shown from plane landing
@flyLAXairport
-- #LosAngelesFires

[Diego Torres-Palma @DTorresPalma]

#RealEstate - Funds/Banks will come in to try to buy the land for pennies on the dollar from the victims who lost their homes and who don't have insurance. Other will try to rebuild and quickly learn how backed up the permit process is in #LA -- #LosAngelesFires

[Diego Torres-Palma @DTorresPalma]

Politically: #climatechange goes out the window when people lose their homes. @GavinNewsom will be on the hook for not doing enough. @realDonaldTrump will ensure that. #KarenBass will almost certainly not be relected. The budget cut is proof. #LAWildfires2025

[Diego Torres-Palma @DTorresPalma]

(VIDEO) Smoke over LA coming for the palisades -- taken hours ago #LosAngelesFires

[Diego Torres-Palma @DTorresPalma]

Fed & state authorities share forest management responsibilities, many believe #California could have done more to thin forests, clear underbrush, and conduct prescribed burns.

Approx 57% of CA's forests are managed by the fed gov, which complicates the issue. #LosAngelesFires

[Diego Torres-Palma @DTorresPalma]

3/3 “We paused new homeowners/condo/commercial insurance policies in CA last year so we can continue to protect current customers. The $ to insure new homes in CA is far higher than the $ they would pay for policies due to #wildfires, higher $ for repairing homes - @Allstate

[Diego Torres-Palma @DTorresPalma]

2/3 In response to these factors, @StateFarm ceased accepting new applications for business and personal casualty insurance in California as of 5/27/23.

In 2024, @StateFarm canceled approximately 72,000 homeowners' insurance policies #wildfires

[Diego Torres-Palma @DTorresPalma]

1/3 @StateFarm has been significantly reducing its operations in #CA due to escalating challenges in the state's insurance market. The primary reasons:

Increased Catastrophe Exposure: a surge in natural disasters, #wildfires, leading to higher claims and financial losses

[Diego Torres-Palma @DTorresPalma]

As a developer I've seen insurance skyrocket on all properties. The insurance companies cite very real issues (1) Fire (2) Earthquake. In response to (1) State Farm citied failed fire prevention. this is only the beginning #wildfires

[Elon Musk @elonmusk]

Coulda had Caruso

[Diego Torres-Palma @DTorresPalma]

@jnintal 🙏🏽🙏🏽

[Justin N. Intal @jnintal]

LA Restaurants offering free meals and relief during the fires.

Let's support firefighters, first responders, and evacuees.

https://t.co/cszIrJwUNW

[Reads with Ravi @readswithravi]

.@naval Life Rules:

[Diego Torres-Palma @DTorresPalma]

So much more to share around our sports kitchen and bar concept -- https://t.co/KyDmBVhM0Y -- dropping soon!

[Elon Musk @elonmusk]

All-time high usage of this platform!

[Barstool Sports @barstoolsports]

We promise you are not ready for the Dwyane Wade statue reveal