The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...
Car insurance rates in California increased by nearly 50% in 2024, according to a recent report, with full coverage now costing drivers an average of $2,575 annually—11% more than the national ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January ...
While the President has limited power over state-regulated insurance, strategic actions can influence California insurers ...
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ABC 7 Los Angeles on MSNFire-ravaged L.A. areas faced high non-renewal rates for home, fire insurance before disaster struckDropped from your home or fire insurance? See which Southern California zip codes have the highest non-renewal rates.
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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