California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover ...
California Gov. Gavin Newsom (D) sent a letter to members of Congress requesting nearly $40 billion in funding to rebuild ...
The aid would go toward “immediate and long-term recovery work needed to rebuild lives and properties,” according to the ...
California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires ...
According to CalMatters, more than 16,000 homes and other structures were damaged or destroyed by the two major fires in Los ...
The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month.
If nothing else, the Los Angeles fires underscored the absolutely vital role of having a healthy insurance market in California.
Farmers Insurance said claims from the Los Angeles fires will cost it at least $600 million, a substantially smaller initial ...
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 ...
The insurance industry admittedly may not be as glamorous as high-tech, investment banking, advertising, or Hollywood. After ...
Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes ...
State Farm General has 20% market share, and said it “must seriously consider its options within the California insurance ...
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