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California, insurance
California issues moratorium on insurance cancellations in fire areas
California's insurance commissioner has banned insurance companies from canceling or not renewing polices for homeowners affected by the Palisades and Eaton fires for one year, his office said.
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 in zip codes affected by the Los Angeles-area wildfires.
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, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.
2h
on MSN
There Is a Safety Valve for Private Home Insurance in California
A segment of the property-insurance market has shifted away from standard policies toward more bespoke offerings from ...
11h
LA fires could drastically drive up insurance premiums — and test California’s new market rules
California’s plan to fix the insurance crisis had barely rolled out when the LA fires began. Can the market recover and ...
2h
on MSN
California Fire Victims Whose Insurance Was Cut Have Few Legal Options
State Farm and other insurers in California have cut policies in the past year to reduce their exposure to risks like wildfires.
1d
on MSN
California insurance commissioner issues 1-year moratorium to protect Southern California homeowners
The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...
1d
on MSN
Fire home insurance: What people in California should not do
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't ...
1d
on MSN
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 ...
1h
on MSN
They lost their home insurance policies. Then came the fires
Before the devastating fires burned across Los Angeles, many homeowners learned they were losing their insurance policies.
1d
on MSN
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.
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Related topics
wildfires
Los Angeles
Pacific Palisades
Ricardo Lara
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