The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit by the apocalyptic wildfires that continued to sow destruction as of

California’s insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by devastating wildfires in and around Los Angeles. “I am using my moratorium powers to prevent insurance companies from canceling or non-renewing policies in wildfire-impacted areas,

California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that were affected by the blazes that destroyed swaths of the city this week.

The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to renew policies based on risk. New data indicates non-renewal rates are being driven by an increase in climate-related weather disasters,

A California law passed in 1988 and its regulations play a significant role in why insurance companies are fleeing the state, experts say.

Wildfires spared Tim Scanlon’s Altadena home as of Wednesday afternoon, even after devouring a neighbor’s landscaping and torching several nearby properties. But the music licensing executive worried that the firestorms rampaging across Los Angeles County still will affect his pocketbook,

As the Palisades and Eaton fires wreak havoc on Los Angeles, the state insurance commissioner is taking action to protect home insurance policy owners