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California, Los Angeles and Insurers
California overhauled its troubled insurance system. Then Los Angeles caught on fire
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On Tuesday, after a ferocious Santa Ana windstorm blew through Southern California,
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.
These California Insurers Cut Policies Before Devastating Wildfires
Several California insurers cut policies in wildfire-prone areas in recent years, leaving homeowners scrambling for options.
California, camp fire and Insurance
California bans insurance cancellation, non-renewals in LA areas affected by fires
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
California Homeowners Get New Protection From Insurance Cancellations
California Insurance Commissioner Ricardo Lara issued a one-year moratorium that protects homeowners' insurance if they live in the areas impacted by wildfires.
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.
KCRA Sacramento on MSN
3h
California insurance commissioner issues moratorium on cancellations for Palisades, Eaton fire areas
I am using my moratorium powers to prevent insurance companies from canceling or non-renewing policies in wildfire-impacted areas, so people don’t face the added stress of finding new insurance during ...
21m
California wildfires live updates: Gov. Newsom orders investigation of Los Angeles water supply
California wildfires continue with dry conditions and powerful winds —which are due to last through Friday — fueling at least five fires.
15h
on MSN
California insurance crisis: List of carriers that have fled or reduced coverage in the state
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
3h
on MSN
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future.
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
11h
on MSN
Insurance Company Stocks Fall as Damage Estimates from California Wildfires Rise
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
12h
on MSN
How California residents can prepare for wildfire evacuations and what to do if you're trapped
Tens of thousands of Southern Californians were ordered to evacuate their homes after out-of-control wildfires engulfed ...
1d
Why a wetter atmosphere is making California’s fires worse
A heavy wet season in California’s past winters spurred more grass and brush, which then dried out quickly last summer. Those ...
1h
on MSN
California fires threaten oil and gas supplies
The fires raging in Southern California threaten to hurt the supply of oil, gas, diesel and natural gas supplies due to fire ...
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Related topics
wildfires
Los Angeles
Pacific Palisades
Ricardo Lara
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