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California, Los Angeles and insurance
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
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.
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.
5m
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 ...
7h
on MSN
Victims of the Pacific Palisades fire face another harsh reality: No insurance to rebuild
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...
Tuko
11m
Devastating LA fires expected to push up insurance premiums
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit ...
3h
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 ...
4h
Insurance commissioner issues moratorium on home policy cancellations in fire zones
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...
1h
on MSN
LA fires could drastically drive up insurance premiums — and test California’s new market rules
The state’s plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover ...
1d
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 ...
22h
on MSN
Aerial footage shows Pacific Palisades in ruins after Los Angeles wildfires
A drone captured the charred remnants of Pacific Palisades, a neighborhood west of downtown Los Angeles severely impacted by ...
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Los Angeles
California
State Farm
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