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 ...
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't ...
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California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
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Insurance companies cut coverage in states with natural disastersResidents of states like California, Texas, Louisiana and Florida, which saw two major hurricanes in the span of 13 days last ...
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
Renters insurance can positively impact landlords by reducing their liability, protecting their policy rates and improving ...
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles ...
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
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