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insurance, California
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.
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.
The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.
9h
on MSN
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 ...
13h
on MSN
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 ...
1d
Major insurance company canceled policies in Pacific Palisades months ago: Report
FOX Business' Cheryl Casone joined 'Fox & Friends First' to discuss the insurance crisis in California as wildfires devastate ...
1d
on MSN
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 ...
9h
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 ...
2d
Pacific Palisades
The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on ...
Tuko on MSN
6h
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 ...
3h
on MSN
Pacific Palisades couple seeks fresh start in San Diego after losing home in wildfire
A Pacific Palisades couple fled a fire that destroyed their home Tuesday. Now in San Diego, the Polakoffs seek housing near ...
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Los Angeles
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