Will L.A. Wildfires Worsen California’s Property Insurance Crisis?
Wildfires continued to rage in Los Angeles late Thursday, decimating neighborhoods and raising questions about the future of California’s already troubled property insurance market.
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.
Los Angeles Fires Could Push California’s Insurance System to the Brink
Damages from the recent fires in the Los Angeles area could overwhelm California’s already stressed insurer of last resort
How the wildfires in 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 will LA's devastating fire losses affect insurance and home costs?
The current fires are on track to become one of the most costly disasters in California history. That could threaten the stability of California's insurance market and make housing costs go up even more.
California Residents Without Fire Insurance Lose Everything
Californians who didn't find new homeowners coverage after being dropped by their insurers stand to lose everything from the fires.
LA fires could break California's insurance market
Wednesday's firestorm in a wealthy area of Los Angeles could be the final straw that breaks California's insurance market. The state's insurance market has been teetering on the edge of insolvency for years thanks to catastrophic wildfires that have driven many insurers to stop writing new policies and drop existing ones.
How the California fires are fueling an 'insurance crisis'
Raging brush fires in California are exacerbating the state's home insurance crisis, which was already suffering due to the risk of destructive wildfires in the area.
How will the California wildfires shape the home insurance industry?
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
LA fires spotlight the home insurance industry amid climate change
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
Pacific Palisades fire may spell an end to cheap homeowners insurance in California
The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home ...
The Pacific Palisades Inferno Won’t Engulf the Insurance Industry
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
Before the Palisades Fire, many of its homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
An insurance crisis was already brewing in L.A. Then, the fires hit.
The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as ...
House Digest on MSN10h
Everything To Know About Homeowners Insurance In The Case Of Wildfire Damage
In the wake of massive fires popping up in California and other areas on the West Coast, ensure you know what your homeowners ...
State Farm canceled California homeowners’ insurance policies months before wildfires
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid ...
New Website Helps Americans 'Fight Health Insurance' Over Claims
In the wake of the shooting of UnitedHealth CEO Brian Thompson, there has been an outpouring of anger toward the insurance industry for denying medical claims.