Affected by the Wildfires in Southern California? You Might be Safe From Home Insurance Cancellations Through 2026
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their home is near a site affected by wildfires.
Southern California wildfires highlight home insurance industry
The wildfires in Southern California have put a spotlight on the home insurance industry. Companies are being confronted with massive new claims. This comes at a time where some insurers have reportedly agreed to sell new policies in fire prone areas.
Strong winds remain a threat to Southern California as firefighters bat down new wildfires
Santa Ana winds will continue whipping through Southern California through Thursday, sparking fears that progress made fighting wildfires that have scorched over 40,000 acres and left 28 dead could be reversed and more blazes could break out.
Warnings for dangerous winds extended in Southern California as new wildfires break out
Forecasters warned that dangerous winds will buffet Southern California for at least two more days as new wildfires broke out on Tuesday, a pair of major Los Angeles-area blazes burned for a third week,
Fire-ravaged Southern California braces for gusty winds and heightened wildfire risk
Southern Californians are bracing for gusty winds and a heightened risk of wildfires less than two weeks after deadly blazes that have killed at least 27 people and ravaged thousands of homes
New insurance rules mean homeowners throughout California are likely to pay more after fires
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los ...
Why all California homeowners could be on the hook for LA wildfire costs
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
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California insurance commissioner on navigating the insurance maze after LA’s fires
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after ...
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California overhauled its insurance system. Then Los Angeles caught fire.
Over the past five years, California has become a poster child for what climate-fueled weather disasters can do to a ...
How Wildfires Upended California’s Insurance Market
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is ...
CA Insurance Commissioner won’t guarantee L.A. fires won’t increase rates elsewhere
The devastating wildfires burning in Southern California could have financial ramifications for residents across the state.
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
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California Wildfires: What Is the Lender’s Obligation to Release Insurance Proceeds for the Repair and Restoration of Real Property?
At this juncture, it is difficult to assess the breadth of damage and loss of life that has occurred as a result of the ...
I'm an economist. Here's why I'm worried the California insurance crisis could trigger broader financial instability
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...