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Los Angeles, California department of insurance
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
How the Los Angeles fires could impact the home insurance market
California's home insurance market was rocky before the fires, but companies were committed to make a comeback. With thousands of claims expected to flood the system, homeowners can expect changes.
Los Angeles fire losses could reach $30 billion for insurers
Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages, the total costs will balloon to $40 billion, the report said.
How the Los Angeles wildfires can increase insurance rates for all Californians
The program guaranteeing fire insurance coverage for homeowners turned down by traditional companies, known as the California FAIR Plan, could run out of money following the devastating destruction caused by the Palisades and Eaton fires.
How the wildfires in the Los Angeles area could affect California’s home insurance market
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.
1h
A Climate Expert Explains The Absurd Reason Why Insurance Companies Are Canceling Policies In “High-Risk” Areas, And This Is Infuriating
"It was looking bleak before this, and this disaster will likely only exacerbate the public's opinion of insurance companies.
7h
on MSN
Teams being deployed to prevent, prosecute insurance fraud after fires
Los Angeles Dist. Atty. Nathan Hochman and Insurance Commissioner Ricardo Lara announced a "rapid response effort" to prevent ...
University of California
1d
What’s next for home insurance in California after the Los Angeles fires?
UC Berkeley's Dave Jones, the former insurance commissioner of California, explains the stakes of the current wildfire ...
4d
on MSN
Californians could face insurance surcharges if Los Angeles fire claims deplete FAIR Plan
Changes to the way the insurance industry is regulated in California may mean all of the state's residents will be paying for ...
6d
Los Angeles wildfires spark insurance anxiety among victims
Many people fear that their insurance policies won't cover the rebuild cost and that future premiums will be astronomical.
6abc News
5h
Southern California wildfires impact on travel insurance
The California wildfires are taking an incredibly tragic toll on the Los Angeles community. The tourism industry is one of ...
2d
on MSN
Harris blasts insurance companies, misinformation in wake of Los Angeles wildfires
Vice President Harris on Wednesday condemned insurance companies and misinformation in the aftermath of the Los Angeles ...
E&E
12h
Fires fuel Calif. lawmakers’ zeal for housing, insurance and forestry bills
The Los Angeles fires are giving new fuel to old fights to streamline housing and forest management. SACRAMENTO, California — ...
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