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Affected by the Wildfires in Southern California? You Might be Safe From Home Insurance Cancellations Through 2026
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their home is near a site affected by wildfires.
New insurance rules mean homeowners throughout California are likely to pay more after fires
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.
California insurance commissioner on navigating the insurance maze after LA’s fires
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.
First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the L.A. wildfire.
Southern California wildfires highlight home insurance industry
The wildfires in Southern California have put a spotlight on the home insurance industry. Companies are being confronted with massive new claims. This comes at a time where some insurers have reportedly agreed to sell new policies in fire prone areas.
Insurance commissioner expands moratorium protections for Southern California fire areas
The California insurance commissioner expanded the emergency protections covered by his recent moratorium for Southern California residents affected by wildfires.
Exclusive: California insurance commissioner discusses statewide impact of L.A. fires
The Los Angeles fires have cast uncertainty over when the insurance crisis buffeting the entire state will ease, California Insurance Commissioner Ricardo Lara told the Chronicle during an interview Saturday in Santa Monica,
CA Insurance Commissioner won’t guarantee L.A. fires won’t increase rates elsewhere
The devastating wildfires burning in Southern California could have financial ramifications for residents across the state. California Insurance Commissioner Ricardo Lara Changes confirmed that recent policy changes would allow private companies to pass costs along to all customers in the state if they are asked to cover the costs in the
insurancebusinessmag
53m
Revealed - California FAIR plan faces $4.8 billion exposure from LA fires
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
3h
on MSN
Why all California homeowners could be on the hook for LA County wildfire costs
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
4d
on MSN
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
5d
on MSN
Will California insurance reforms be enough to stop insurers from leaving?
California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts ...
7d
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
6d
California Adds More ZIP Codes to Insurance-Cancellation Ban
California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as ...
8d
on MSN
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...
19h
on MSN
I'm an economist. Here's why I'm worried the California insurance crisis could trigger broader financial instability
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...
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