An insurance crisis was already brewing in L.A. Then, the fires hit.
The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as disasters multiply.
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.
How the devastating Los Angeles fires could deepen California’s home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished more than 2,000 homes in Los Angeles County threaten an effort to fix California's troubled home insurance market.
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.
Los Angeles Fires Could Push California’s Insurance System to the Brink
Damages from the recent fires in the Los Angeles area could overwhelm California’s already stressed insurer of last resort
State Farm canceled California homeowners’ insurance policies months before wildfires
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."
Are California Wildfires Covered by Insurance? What To Know
The fires in Southern California are expected to cause devastating losses to residents—many of whom have had their insurance policies canceled last year.
Why the LA wildfires will worsen California's insurance crisis — even for fire-safe regions
Californians were already fighting to find affordable insurance policies.
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.
LA fires could break California's insurance market
Wednesday's firestorm in a wealthy area of Los Angeles could be the final straw that breaks California's insurance market. The state's insurance market has been teetering on the edge of insolvency for years thanks to catastrophic wildfires that have driven many insurers to stop writing new policies and drop existing ones.
How the California fires are fueling an 'insurance crisis'
Raging brush fires in California are exacerbating the state's home insurance crisis, which was already suffering due to the risk of destructive wildfires in the area.
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How will LA's devastating fire losses affect insurance and home costs?
The current fires are on track to become one of the most costly disasters in California history. That could threaten the ...
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Everything To Know About Homeowners Insurance In The Case Of Wildfire Damage
In the wake of massive fires popping up in California and other areas on the West Coast, ensure you know what your homeowners ...
California fires: Insurance companies dropping coverage and fleeing the state due to decades-old law
A California law passed in 1988 and its regulations play a significant role in why insurance companies are fleeing the state, experts say.
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
New Website Helps Americans 'Fight Health Insurance' Over Claims
In the wake of the shooting of UnitedHealth CEO Brian Thompson, there has been an outpouring of anger toward the insurance industry for denying medical claims.
Lloyd’s CEO Explains Why Insurance ‘Matters’ Again
John Neal joins In the City to discuss the difficulty of using artificial intelligence and how climate change is impacting ...
Man charged with attempted murder faces insurance fraud charges
A 31-year-old man who was charged with attempted murder of a Broadway police officer stemming from Oct. 3, 2024 is facing ...
Need health insurance? MNsure's 2025 deadline approaches
Minnesotans who need health insurance have one week remaining to apply for a private health plan through MNsure. The deadline ...