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the California fires are fueling an 'insurance crisis'
California is in a home-insurance crisis. The Pacific Palisades fire will only make it worse
We need to make it incredibly expensive to build in these kinds of environments,’ one expert told The Independent. ‘If the insurance industry refuses to sell policies, maybe people won’t risk it’
California had a home insurance crisis before the LA fires. It's only going to get worse.
The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to write new ones.
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.
5h
on MSN
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 ...
3h
on MSN
Pacific Palisades fire may spell an end to cheap homeowners insurance in California
By Andy Sullivan The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in ...
4h
California fires: Insurance companies dropping coverage and fleeing the state due to decades-old law
A California law passed in 1988 and its regulations play a significant role in why insurance companies are fleeing the state, experts say.
9h
on MSN
Insurance claim tips for homeowners affected by Southern California wildfires
Hundreds of structures have been destroyed by wildfires in Southern California. Consumer advocates share tips for homeowners ...
4h
on MSN
What California homeowners should know about filing an insurance claim for fire damage
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.
2h
on MSN
Satellite images of the California wildfires
Satellite images from January 6th to 8th show just how quickly the California wildfires spread and the sheer scale of the ...
3h
California wildfires: What we know about L.A. fire evacuations, maps, what caused it, who is affected and more
Fueled by powerful winds and dry conditions, a series of ferocious wildfires erupted Tuesday and roared across the Los ...
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