California governor asks Congress for nearly $40 billion for Los Angeles wildfire relief
California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover ...
Newsom requests nearly $40 billion in disaster aid following Los Angeles wildfires
California Gov. Gavin Newsom (D) sent a letter to members of Congress requesting nearly $40 billion in funding to rebuild ...
California Gov. Newsom requests nearly $40 billion in wildfire recovery funding in letter to Congress
The aid would go toward “immediate and long-term recovery work needed to rebuild lives and properties,” according to the ...
California Wildfires Hit State Farm Hard. But the Insurer Was Already Struggling.
California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires ...
UVA Today1d
Who Pays for California’s Wildfires? UVA Law Expert Weighs In
Losses in the state are expected to exceed $250 billion. A leading scholar in insurance law says the question isn’t if ...
LA Times Today: L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
When State Farm insurance wanted an emergency rate hike of 22 percent after the wildfires, state insurance commissioner ...
San Deigo State Daily Aztec1d
The LA fires may have died down, but lasting impacts remain for many Cal State students
According to CalMatters, more than 16,000 homes and other structures were damaged or destroyed by the two major fires in Los ...
The San Bernardino Sun2d
Allstate boosts losses from L.A. County wildfires to $2.4 billion
The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month.
Opinion
Los Angeles wildfires intensify political jousting over home insurance premiums
If nothing else, the Los Angeles fires underscored the absolutely vital role of having a healthy insurance market in California.
Insurance Insider3d
Progressive incurs $43mn in January cat losses due to California wildfires
Progressive announced in its January report that it saw $43mn in catastrophe losses, with 72% of those losses occurring in personal property. The carrier’s personal lines net cat loss ratio totaled ...
R Street Institute4dOpinion
California Wildfire Losses: Net or Gross?
The insurance industry admittedly may not be as glamorous as high-tech, investment banking, advertising, or Hollywood. After ...
California Bill Could Force Insurers to Change Payout Policies
Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes ...