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.
No home, no insurance: The double hit from Los Angeles fires
As he looks at the ruins of his home razed when deadly fires tore through the Los Angeles area, Sebastian Harrison knows it will never be the same again, because he was not insured.
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.
How the devastating Los Angeles fires could deepen California’s home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished thousands of homes and structures in Los Angeles County threaten an effort to fix California's troubled home insurance market.
Los Angeles Wildfires To Shatter Disaster Records With Up to $45 Billion in Insured Losses
The post Los Angeles Wildfires To Shatter Disaster Records With Up to $45 Billion in Insured Losses appeared first on Real Estate News & Insights | realtor.com®.
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 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.
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.
Ripples from wildfires’ property damage extend beyond Los Angeles market
With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.
California’s insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion
"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be paid."
California's FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.
LAist3h
Cheat Sheet: These are the steps fire victims need to take to make an insurance claim
We have tips from California's insurance commissioner on how to contact the state and start the claims process, and how to keep you and your loved ones from falling for scams.
Los Angeles fires spark 'smart city' conspiracy theories
As a string of wildfires hit Los Angeles County, social media users spread claims that authorities purposefully set the ...
Fast Company on MSN7d
California overhauled its insurance system. Then Los Angeles caught fire.
Joel Laucher, a former regulator and fire insurance expert at the consumer advocacy organization United Policyholders, said ...
Los Angeles mother on the hook for $800K mortgage after newly renovated home burned to ground before she can adjust insurance
This California grandmother’s newly renovated house was completely demolished by the deadly LA wildfires — but she’s still on ...
Governing13h
Will Insurance Cover the Fire Next Time?
Insurance companies were fleeing fire-prone parts of California even before the disaster in Los Angeles. Policymakers are ...
I'm an economist. Here's why I'm worried the California insurance crisis could trigger broader financial instability
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...
Here's where insurance companies see the most risk for disasters
In the months preceding the outbreak of the infernos now raging through Los Angeles County, home insurance carriers began ...
Can California’s broken homeowners insurance system be fixed?
The Palisades and Eaton wildfires in Los Angeles County have displaced thousands of homeowners — many of whom have inadequate coverage due to the state’s broken home insurance system. And ...