The Insurance Crisis That Will Follow the California Fires
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 commissioner won’t allow canceled or nonrenewed policies in and around the fire zones for a year.
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles ...
Renters insurance can positively impact landlords by reducing their liability, protecting their policy rates and improving ...
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't ...
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
California had just set new rules for insurance companies, aimed at enticing insurers who had left the state, to return to ...
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
Los Angeles fire insurance expert Richard Giller joins ‘Fox & Friends’ to shed light on why some Californians were dropped by ...
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
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