LA fires could drastically drive up insurance premiums — and test California’s new market rules
The deadly and destructive fires in Los Angeles — which some say could be the costliest in the state’s history — will further ...
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 ...
Who Pays to Rebuild California When Insurance Falls Short? Everyone Else
Many Los Angeles-area residents devastated by fire will lean on Washington and charitable aid—and draw on their own savings.
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 ...
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California Faces a Staggering $20 Billion Wildfire Insurance Crisis, and ‘Sad Surprises’ May Be Ahead for Homeowners
The catastrophe has been years in the making as the state’s largest insurance companies discontinued coverage for thousands ...
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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, ...
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 ...
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.
Will California homeowners relocate or rebuild? Both are costly
Tens of thousands of California residents will be forced to decide whether to permanently relocate or face construction bills after a wildfire crisis that’s weakened California’s insurance.