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California, Wildfires and insurance
State Farm canceled California homeowners’ insurance policies months before wildfires
State Farm canceled hundreds of homeowners’ insurance policies for residents in many of the same areas now in the path of the Southern California wildfires. The insurance company’s reasoning for canceling policies for people living in Pacific Palisades in Los Angeles County,
California Wildfires Threaten Insurers Already Teetering From Climate Shocks
Companies started pulling back from the state as earlier fires made it harder to turn a profit. Experts warn the exodus could grow.
Costs from California wildfires will be 'astronomical' as million-dollar homes burn
Past California fires have been much bigger than the ones burning Wednesday, but the damages will add up in Southern California.
California, Los Angeles and fire Garamendi
Los Angeles fires spark fears California home insurance prices could spike
The Los Angeles County fires are now raising concerns about what's next: Could there be another explosion in California home insurance policy costs?
California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
Los Angeles Fires Become Existential Test for California’s Stopgap Insurer
The most expensive wildfire in US history could put a $5 billion hole in the state-sponsored home insurer of last resort.
ABC 7 Los Angeles on MSN
9h
Here's what not to do if your California home was damaged, destroyed by wildfire
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away. Here's what you need to know.
9h
How will the California fires impact insurance rates in Arizona?
Justin Baldoni’s lawyer Bryan Freedman appeared on an episode of “The Megyn Kelly Show” where the former Fox News host played ...
ABC 10 News
4h
How fires could impact insurance coverage in the future
Since September 2020, policies have increased by more than 120% with the Fair Plan, showing the need for coverage throughout the state.
5d
on MSN
New law increases California’s auto insurance minimums
In 2022, Gov. Gavin Newsom signed Senate Bill 1107, also known as the Protect California Drivers Act, into law which ...
5h
on MSN
Expert says Colorado is on the brink of an insurance crisis similar to California
The executive director of Rocky Mountain Insurance Information Association says Colorado is on the brink of an insurance crisis.
Santa Rosa Press Democrat
8h
California’s $20 billion unemployment debt is looking like a political hot potato
The legislative analyst has a plan to fix the "structural insolvency" of the unemployment benefits fund — but businesses aren ...
12h
Wildfires Intensify Pivotal Moment for Insurance Industry
With over 13,000 homes at risk, the losses from the Los Angeles wildfires could approach $10 billion, according to ...
9d
on MSN
Insurance companies in California must offer coverage in wildfire-prone areas under new regulation
Insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas under a new state ...
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