Los Angeles fires expose insurance shortcomings. Could startups do better?
The once hot insuretech sector fell out of favor a few years ago. Given the scope of the current disaster though, it's not clear what role the VC-backed startups could have played.
What the Los Angeles fires might mean for the Bay Area home insurance market
The devastating wildfires burning through Los Angeles County this week are stoking concerns that California’s already faltering home insurance market could be thrown into deeper turmoil.
US property and casualty insurers slide as Los Angeles wildfire losses mount
U.S. property and casualty insurance stocks fell in premarket trading on Friday after wildfires menacing Los Angeles killed at least 10 people and devoured nearly 10,000 structures, with five fires burning into a third night.
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.
As wildfires burn in Los Angeles, insurers brace for a potential financial disaster
The system is already strained by climate-induced disasters, says Wharton's Ben Keys. Homeowners across the state may bear some of the cost.
How the wildfires in the Los Angeles area could affect California's home insurance market
The wildfires that destroyed homes in multiple sections of 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.
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.
Los Angeles Fires Could Push California’s Insurance System to the Brink
Damages from the recent fires in the Los Angeles area could overwhelm California’s already stressed insurer of last resort
Destruction from Los Angeles County wildfires likely to impact insurance rates statewide
The devastation from the raging fires in Southern California is only just starting to come to light, but there are already questions about how the destruction will impact homeowners insurance for all Californians.
Hear from Los Angeles residents seeking shelter from wildfires
More than 100,000 people were told to leave their homes as wildfires burn uncontained in the greater Los Angeles area.
Explosive Los Angeles Wildfires Rage on Even as Fierce Winds Ebb
Two massive wildfires menacing Los Angeles from the east and west were still burning uncontained on Thursday, but a brief respite from the fierce winds that have fanned the flames for two days allowed crews to slow their explosive spread.
California lawmakers to consider expediting insurance claims after L.A. fires
After devastating fires in Los Angeles County, California lawmakers will consider changes to the state's troubled insurance ...
Far from Hollywood's wealth, Los Angeles fire survivors feel forgotten
In the close-knit Los Angeles suburb of Altadena, where rows of neat bungalows once nestled in the shadow of the San Gabriel ...