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California, insurance
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.
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.
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 non-renewals and cancellations for people impacted by the Palisades and Eaton fires.
7h
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.
43m
on MSN
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.
The New Yorker
21h
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, ...
19h
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 ...
18h
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 ...
19h
on MSN
California overhauled its insurance system. Then Los Angeles caught fire.
The fires could cause more than $20 billion in damages, further straining the state’s fragile insurance market.
1d
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 ...
18h
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 ...
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fires
Los Angeles
Pacific Palisades
Ricardo Lara
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