The wildfires in 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.
If your insurance policy was canceled, you may have some recourse based on the California insurance commissioner's latest order. The state may also be able to help fire victims without any insurance.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
T he fires that are burning through southern California may be shocking, but they are not surprising. Anyone who lived in the ...
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.
Major airlines including Southwest, United and Delta are warning that wildfires and high winds could affect flights to ...
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some California wildfire victims, calling her claims "false." ...
Early estimates show that the total damage and economic loss due to the Los Angeles wildfires is between $135 and $150 billion.
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