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California, Los Angeles
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 emergency and what might happen next.
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.
Wildfires Ignite Insurance Crisis: What’s Next for Californians?
The wildfires still raging in Los Angeles have displaced thousands of homeowners — many of whom have inadequate coverage due to a broken home insurance system in the state. And
Will California insurance reforms be enough to stop insurers from leaving?
Losses from the Los Angeles fires threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to find and keep affordable homeowners insurance. A major concern out of the destruction is not just the people without insurance,
The California Fires Will Test The Severity Of The State's Insurance Crisis
Eventually, the multiple fires in Los Angeles County will be contained. But the damage has been done, and the current estimated cost of $250 billion is likely to rise. Many would expect that insurance would cover the losses.
California’s Insurance Crisis Leaves 806,000 LA Homes Without Coverage
Los Angeles is experiencing a severe homeowners insurance crisis, with over 800,000 homes currently lacking coverage. While insurance companies are being criticized for the shortage of policies, the root cause may be a 1988 California law known as Proposition 103.
How will home insurance change after LA's fires?
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The Insurance Crisis Looming in California as the Wildfires Burn
Environment / California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made. Sasha Abramsky Last week, a rare winter firestorm,
13h
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.
2d
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 ...
2d
on MSN
California overhauled its insurance system. Then Los Angeles caught fire.
The fires could cause more than $20 billion in damages, further straining the state’s fragile insurance market.
3d
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 ...
LAist
2h
Altadena has avoided California’s fire insurance hell. That won’t last.
Most residents of middle-class Altadena could get fire insurance, but that is likely to change as residents rebuild and face price hikes.
5d
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.
1d
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 ...
13h
How much will it cost to rebuild Los Angeles after the wildfires?
The enormous scale of the wildfire devastation in Los Angeles County is still coming into focus, but it is already clear that the task of rebuilding to come will be herculean.
14h
on MSN
Waters and Sherman introduce bill to address gaps in wildfire insurance coverage
Reps. Maxine Waters and Brad Sherman reintroduce legislation that would require a study assessing the danger wildfires pose ...
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