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.
LA Wildfires Push California Insurance Market to Its Limit
Risk models identified the Palisades — along with Silicon Valley’s Los Altos Hills and the Moraga and Orinda area east of San Francisco — because of problematic commonalities: the highest value homes, difficult topography for fighting blazes, and increased susceptibility to the kind of windy, dry weather conducive to fires.
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
California’s insurance commissioner won’t allow canceled or nonrenewed policies in and around the fire zones for a year.
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles ...
13hon MSN
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
Renters insurance can positively impact landlords by reducing their liability, protecting their policy rates and improving ...
News Nation on MSN4h
Insurance companies cut coverage in states with natural disastersResidents of states like California, Texas, Louisiana and Florida, which saw two major hurricanes in the span of 13 days last ...
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
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