Why the LA wildfires will worsen California's insurance crisis — even for fire-safe regions
Even before this week's wildfires in Los Angeles County, California was in the middle of an insurance crisis spurred by the threat of intensifying wildfires and other extreme weather events. Since 2022,
California’s insurance is in crisis. The solution will cost homeowners a ton
Lynne Levin-Guzman stood in the front yard of her 90-year old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no longer would.
California Was Already in a Home-Insurance Crisis Before the Los Angeles Infernos
Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.
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.
State Farm canceled California homeowners’ insurance policies months before wildfires
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."
These California Insurers Cut Policies Before Devastating Wildfires
Several California insurers have cut policies in wildfire-prone areas of the state in recent years, leaving homeowners scrambling for options.
Home Insurers Are Leaving California. The Wildfires Could Make It Worse.
Many insurers paused coverage in parts of California or raised premiums sharply after the 2017 and 2018 wildfires led to huge losses for the industry.
California wildfires threaten already ‘teetering’ insurers, NY Times says
The exodus of insurance companies leaving the California market because of wildfires and other natural disasters is growing, and may be made worse
Here's what not to do if your California home was damaged, destroyed by wildfire
California Insurance Commissioner Ricardo Lara is telling residents whose homes or businesses were damaged or destroyed by wildfires this week to not sign anything right away - to be a little patient.
California's Wildfire Insurance Plan: Protection or Price Hike?
As California grapples with the increasing threat of wildfires, the state's latest insurance plan aims to expand coverage for homeowners while preventing policies from being dropped. However, this well-intentioned strategy comes with a significant downside: a potential 40% increase in insurance premiums,
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How will LA's devastating fire losses affect insurance and home costs?
The current fires are on track to become one of the most costly disasters in California history. That could threaten the ...
Major insurance company canceled policies in Pacific Palisades months ago: Report
FOX Business' Cheryl Casone joined 'Fox & Friends First' to discuss the insurance crisis in California as wildfires devastate ...
California Residents Without Fire Insurance Lose Everything
Californians who didn't find new homeowners coverage after being dropped by their insurers stand to lose everything from the fires.
The Path Forward For The Health Insurance Industry
A path forward for the U.S. health insurance industry following the mixed public reaction to United Healthgroup CEO Brian ...
Wildfires Intensify Pivotal Moment for Insurance Industry
With over 13,000 homes at risk, the losses from the Los Angeles wildfires could approach $10 billion, according to ...
New Website Helps Americans 'Fight Health Insurance' Over Claims
In the wake of the shooting of UnitedHealth CEO Brian Thompson, there has been an outpouring of anger toward the insurance industry for denying medical claims.
Lloyd’s CEO Explains Why Insurance ‘Matters’ Again
John Neal joins In the City to discuss the difficulty of using artificial intelligence and how climate change is impacting ...
Man charged with attempted murder faces insurance fraud charges
A 31-year-old man who was charged with attempted murder of a Broadway police officer stemming from Oct. 3, 2024 is facing ...