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California, Los Angeles
California overhauled its troubled insurance system. Then Los Angeles caught on fire
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On Tuesday, after a ferocious Santa Ana windstorm blew through Southern California,
How Los Angeles wildfires could affect California's home insurance market
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration of potential wildfire risks. The community also is among the areas most impacted by an unavailability of insurance coverage.
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.
5h
California bans insurance cancellation, non-renewals in LA areas affected by fires
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies ...
1h
Insurance crisis looms in California as fires ravage communities
Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or ...
4h
on MSN
California Homeowners Get New Protection From Insurance Cancellations
California Insurance Commissioner Ricardo Lara issued a one-year moratorium that protects homeowners' insurance if they live ...
4h
on MSN
California wildfire insurance chaos, dumping DEI and IRS tax season
A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...
The New Yorker
8h
The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
9h
California Bans Insurance Policy Cancellations in L.A. Until 2026 as Wildfire Disaster Costs Pile Up
California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
2h
on MSN
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future.
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
14h
California Bans Insurance Cancellation in LA Fire-Affected Areas
California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that ...
11h
California insurance commissioner bans cancellations and non-renewals in LA fire areas
Insurance Commissioner Ricardo Lara said he's ordered insurance companies to have a one-year moratorium on insurance ...
17h
on MSN
California insurance crisis: List of carriers that have fled or reduced coverage in the state
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
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Related topics
wildfires
Los Angeles
Pacific Palisades
Ricardo Lara
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