These L.A. homeowners had coverage for fire. But not for the toxins left behind.
Clashes over covering smoke damage have become a growing issue in recent years as wildfires intensify and home insurance ...
insurancebusinessmag1d
Farmers Exchanges expect $600 million in losses from California wildfires
The Farmers Exchanges, which include Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange, have ...
JD Supra2d
California Sustainable Insurance Strategy (SIS) Allows FAIR Plan Assessment Recoupment
The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the ...
insurancebusinessmag9h
Allstate expects $1.07 billion in net pretax catastrophe losses
The company reported about $1.08 billion in net pretax catastrophe losses for January. The number of Allstate Protection ...
Orange County Register6d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...
The Desert Sun6d
Over $7 billion has been paid out in insurance claims due to LA fires
New bills target California FAIR Plan, insurance companies and more The updated figures surrounding claims and payouts concerning the Los Angeles County wildfires come as Lara announced Friday ...
FAIR Plan bailout deepens housing strains
California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
Mark Gongloff: California insurer of last resort went bust. It won’t be alone.
The inevitable result of a fracturing private insurance market will be the socialization of disaster losses, as seen in ...
Los Angeles Times6d
Insurance commissioner rejects State Farm’s request for 22% emergency rate hike
The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its L.A. fire losses -- with consumers possibly on the hook for nearly half.
L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
2 home insurance companies given green light to increase rates in CA, impacting 660K customers
State regulators have given two home insurance companies the green light to raise their rates in California, impacting ...