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 ...
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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 ...
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't ...
Insurance company shares fell Friday as the massive wildfires in California are now estimated to have caused $135 billion to ...
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
With insured losses ballooning, home-insurance rates in places like Vermont and Virginia are rising, too.
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