The Pacific Palisades Inferno Won’t Engulf the Insurance Industry
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate change could actually help this industry grow. So send relief to wildfire victims,
Victims of the Pacific Palisades fire face another harsh reality: No insurance to rebuild
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's California wildfires.
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Yes, State Farm ended insurance coverage for many in the Pacific Palisades in 2024
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
Pacific Palisades is no stranger to fire concerns – or California's home insurance problem
An executive summary of the plan that was previously released mentioned Pacific Palisades by name, noting that "strong winds, notably the Santa Ana winds, can swiftly spread flames, posing threats to nearby communities like Pacific Palisades, Malibu, and Woodland Hills."
CA wildfire backlash: State Farm, other insurers slammed for dropping coverage
The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.
State Farm cancelled 72,000 California fire insurance policies in 2024
State Farm is being accused of canceling thousands of fire insurance policies in California right before the massive wildfires. More than 10,000 homes and businesses have been destroyed as multiple wildfires continue to ravage parts of Los Angeles County,
State Farm cancels policies in Pacific Palisades due to rising fire threat in California
State Farm, one of the largest homeowners insurance providers, reportedly canceled hundreds of policies in the Pacific Palisades region of Los Angeles County.
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Devastating LA fires expected to push up insurance premiums
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit ...
LA fires could drastically drive up insurance premiums — and test California’s new market rules
The state’s plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover ...
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California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
Insurance commissioner issues moratorium on home policy cancellations in fire zones
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...
How Los Angeles wildfires could affect California's home insurance market
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
California Bans Insurance Policy Cancellations in L.A. Until 2026 as Wildfire Disaster Costs Pile Up
California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
An insurance crisis was already brewing in L.A. Then the fires hit.
The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as ...
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 ...