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Los Angeles, California department of insurance
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
How the Los Angeles fires could impact the home insurance market
California's home insurance market was rocky before the fires, but companies were committed to make a comeback. With thousands of claims expected to flood the system, homeowners can expect changes.
What’s next for home insurance in California after the Los Angeles fires?
UC Berkeley's Dave Jones, the former insurance commissioner of California, explains the stakes of the current wildfire emergency and what might happen next.
How the Los Angeles wildfires can increase insurance rates for all Californians
The program guaranteeing fire insurance coverage for homeowners turned down by traditional companies, known as the California FAIR Plan​, could run out of money following the devastating destruction caused by the Palisades and Eaton fires.
Southern California wildfires impact on travel insurance
The California wildfires are taking an incredibly tragic toll on the Los Angeles community. The tourism industry is one of the biggest economic drivers in the area. Those who are planning trips out west might consider travel insurance to protect them from the impact of the fires or other natural disasters.
Los Angeles wildfires spark insurance anxiety among victims
Many people fear that their insurance policies won't cover the rebuild cost and that future premiums will be astronomical.
Los Angeles fire losses could reach $30 billion for insurers
Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages, the total costs will balloon to $40 billion, the report said.
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.
State Farm will offer insurance renewals to homeowners impacted by LA wildfires
State Farm, one of the largest insurers in California, announced it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.
State Farm will offer insurance renewals to fire-affected homeowners in LA area
State Farm announced it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.
3h
on MSN
Teams being deployed to prevent, prosecute insurance fraud after fires
Los Angeles Dist. Atty. Nathan Hochman and Insurance Commissioner Ricardo Lara announced a "rapid response effort" to prevent ...
3d
on MSN
Californians could face insurance surcharges if Los Angeles fire claims deplete FAIR Plan
Changes to the way the insurance industry is regulated in California may mean all of the state's residents will be paying for ...
2d
on MSN
Harris blasts insurance companies, misinformation in wake of Los Angeles wildfires
Vice President Harris on Wednesday condemned insurance companies and misinformation in the aftermath of the Los Angeles ...
5h
State Farm axes Super Bowl spot, citing focus on ongoing Los Angeles wildfires
Insurance company State Farm has canceled plans to air a spot during Super Bowl 59, citing the ongoing fires in Los Angeles ...
E&E
8h
Fires fuel Calif. lawmakers’ zeal for housing, insurance and forestry bills
The Los Angeles fires are giving new fuel to old fights to streamline housing and forest management. SACRAMENTO, California — ...
16h
on MSN
Will California insurance reforms be enough to stop insurers from leaving?
California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts ...
1d
on MSN
Waters and Sherman introduce bill to address gaps in wildfire insurance coverage
Reps. Maxine Waters and Brad Sherman reintroduce legislation that would require a study assessing the danger wildfires pose ...
2d
California Adds More ZIP Codes to Insurance-Cancellation Ban
California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as ...
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