Los Angeles fires spark fears California home insurance prices could spike
The Los Angeles County fires are now raising concerns about what's next: Could there be another explosion in California home insurance policy costs?
LA fires could break California's insurance market
In Pacific Palisades alone, the FAIR plan insures nearly $6 billion worth of property, according to September figures — more than all but four communities in California. Across the state, the total value of FAIR-insured properties was $458 billion, triple the total insured value in 2020, according to FAIR Plan data.
Insurance: Here's what not to do if your California home was damaged, destroyed by wildfire
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away. Here's what you need to know.
California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
Los Angeles Fires Become Existential Test for California’s Stopgap Insurer
The most expensive wildfire in US history could put a $5 billion hole in the state-sponsored home insurer of last resort.
Insurers dropped fire coverage for California homes months ago. Now, wildfires are claiming more houses in Los Angeles.
Some insurers have scaled back their coverage in California due to wildfires over the last few years, creating a challenge for rebuilding.
California Insurer Canceled Policies Months Before Los Angeles Wildfires
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades—the same area which is now being ravaged by a devastating wildfire. The move was justified by the company as an attempt to avoid "financial failure" as the frequency and severity of wildfires is growing in the Golden State,
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