If your insurance policy was canceled, you may have some recourse based on the California insurance commissioner's latest order. The state may also be able to help fire victims without any insurance.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
The wildfires in the Los Angeles area will test California's efforts to stabilize the state's insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some California wildfire victims, calling her claims "false." ...
Early estimates show that the total damage and economic loss due to the Los Angeles wildfires is between $135 and $150 billion.
Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or ...
Los Angeles is reeling from the most destructive wildfires in its history, and firefighters are struggling to contain the ...
Our top priority is protecting Californians during this crisis and helping us to recover,” said state Insurance Commissioner Ricardo Lara.
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
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