People who’ve lost their homes have faced yearslong battles to recover payouts as insurers deal with a surge in claims arising from more destructive wildfires.
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
Travelers Companies crushed earnings estimates for the fourth quarter of 2024 on Wednesday but signaled the California wildfires will take a toll in the current first quarter. Travelers stock, a Dow ...
Homeowners struggling under the weight of soaring insurance premiums can take some solace in the fact that at least they aren ...
The News Tribune asked experts how insurance companies calculate wildfire risk and what prompts them to drop policyholders.
LA's catastrophic fires ring alarm bells in Australia, where global ripple effects are likely to force up insurance premiums.
California's Department of Insurance also recently passed regulations that pave the way for rate increases in exchange for increased coverage in wildfire-prone regions. In 2024, some insurance ...
Climate change-fueled natural disasters like the L.A. fires could destabilize the entire U.S. economy, economist Gary W. Yohe wrote.
Property and casualty insurer Travelers trounced Wall Street estimates for fourth-quarter profit as strength in its ...
For the insurance industry, the threat of massive and profoundly destructive wildfires poses a significant and immediate ...
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
Survivors of the 2017 Tubbs fire in Santa Rosa have a message for L.A. fire victims: You can’t imagine it now, but it is ...