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California, Pacific Palisades
Pacific Palisades fire may spell an end to cheap homeowners insurance in California
By Andy Sullivan The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home to Hollywood A-Listers and multimillion dollar mansions. And ahead of this week's disaster,
California is in a home-insurance crisis. The Pacific Palisades fire will only make it worse
We need to make it incredibly expensive to build in these kinds of environments,’ one expert told The Independent. ‘If the insurance industry refuses to sell policies, maybe people won’t risk it’
California had a home insurance crisis before the LA fires. It's only going to get worse.
The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to write new ones.
5h
on MSN
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.
10h
on MSN
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 thousands of homes and structures in Los ...
12h
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 ...
10h
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.
6h
Valley representatives warn of California's harsh fire insurance reality
Valley representatives warn of California's harsh fire insurance reality ...
7h
on MSN
The LA wildfires are ripping through the celebrity-packed Pacific Palisades. Here's which stars have lost homes.
"Star Wars" actor Mark Hamill was among the thousands who evacuated Los Angeles. Other stars, including Paris Hilton, Billy ...
17h
Inmates Can Make Up Nearly A Third Of Those Fighting California Fires
As much as 30% of the firefighters force in California may be prison inmates, according to reports. How did we get here? And ...
10h
on MSN
California Fires: How to Recover Tax Records and Other Important Documents
Having your tax records and other vital documents is important for claiming casualty loss deductions that can help with ...
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Los Angeles
wildfires
Pacific Palisades
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