Los Angeles wildfires rage as California homeowners battle an ...
17 hours ago · On Tuesday, Mercury Insurance, an independent home insurer in California, announced it would begin writing new homeowners insurance policies in the town of Paradise, the site of the deadly Camp ...
California’s insurance is in crisis. The solution will cost ... - CNN
17 hours ago · Lynne Levin-Guzman stood in the front yard of her 90-year old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no ...
How the wildfires in Los Angeles area could affect California's …
7 hours ago · SACRAMENTO, Calif. (AP) — The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.. The wind-driven blazes that started Tuesday roared through neighborhoods from the Pacific Coast inland to Pasadena and ...
Los Angeles Fires Could Push California’s Insurance System to …
10 hours ago · But California faces a double-barreled threat: Private insurers could continue to drop policies and decline to write new ones, as they've been increasingly doing since a series of severe fires ...
How will the California wildfires shape the home insurance …
1 day ago · In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
Thousands of Los Angeles homeowners were dropped by their ... - CBS News
12 hours ago · About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch.
California will soon require insurers to ... - Associated Press News
Dec 30, 2024 · SACRAMENTO, Calif. (AP) — Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state regulation announced Monday.. The rule will require home insurers to offer coverage in high-risk ...
California hopes to lure insurance companies back with extreme ... - NPR
Jun 26, 2024 · Insurance companies have dramatically pulled back from offering homeowners policies in California. That's tied to inflation and wildfires fueled by climate change and decades of fire...
State issues new rule to help fix California's troubled home insurance …
Dec 30, 2024 · The state released another regulation Monday aimed at easing California’s home insurance crisis that will allow insurers to charge homeowners higher premiums to protect themselves from...
Why are State Farm and others leaving California's home insurance ...
Mar 29, 2024 · Major insurers have pulled back from California's homeowners market, citing wildfires, inflation and other challenges. But there are steps at-risk homeowners can take now to secure coverage...