How will the California wildfires shape the home insurance industry?
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
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 preliminary estimates by J.P. Morgan. The financial devastation threatens to upend an insurance market that is already under profound financial strain.
Photos: Before and after the California wildfires
Deadly wildfires in the Los Angeles area have sent tens of thousands scrambling for safety and decimated neighborhoods. Wildfire smoke has spread miles from the major blazes as fire crews and the National Guard work to control them.
How big are the California wildfires? See them compared to Houston
Thousands have been evacuated from the Los Angeles area as wildfires continue to spread across a large part of Southern California. The wildfires are the most devastating in Los Angeles history with over 1,
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,
LA fires spotlight the home insurance industry amid climate change
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
The Pacific Palisades Inferno Won’t Engulf the Insurance Industry
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
Disaster zone: The insurance industry crisis and real estate
Mounting losses and the growing threat of climate change spell urgency in what was once known as real estate’s boring corner ...
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 ...
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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 ...
California fires: Insurance companies dropping coverage and fleeing the state due to decades-old law
A California law passed in 1988 and its regulations play a significant role in why insurance companies are fleeing the state, experts say.
Insurance companies in California must offer coverage in wildfire-prone areas under new regulation
Insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas under a new state ...
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How to deal with a home insurance rate hike
Insurance industry experts point to several factors driving these changes. Building costs are through the roof, up 40 percent ...
How will insurance companies handle SoCals devastating fires?
The scope of the damage caused by the recent Southern California wildfires is not yet known but it could impact everyone's ...
Before the Palisades Fire, many of its homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.