The Cost of the Los Angeles Fires Is Looking Like $30 Billion—and Counting
While the insurance cost of the devastation is estimated to be around $30 billion, another tally puts the total damage at upward of $250 billion.
What the Los Angeles fires might mean for the Bay Area home insurance market
Not only would existing homeowners continue to see rate hikes and lose coverage, but families that struggle to find insurance could not take out a mortgage to buy a home. In areas at extreme fire
What’s next for home insurance in California after the Los Angeles fires?
UC Berkeley's Dave Jones, the former insurance commissioner of California, explains the stakes of the current wildfire emergency and what might happen next.
How the Los Angeles wildfires can increase insurance rates for all Californians
The program guaranteeing fire insurance coverage for homeowners turned down by traditional companies, known as the California FAIR Plan​, could run out of money following the devastating destruction caused by the Palisades and Eaton fires.
New wildfire near Los Angeles explodes to 9,400 acres, forces evacuations
The Hughes fire about 50 miles north of Los Angeles further taxed firefighters in the region who have managed to bring two major fires in the metropolitan area largely under control.
US: Thousands evacuated as new Los Angeles fire explodes to over 10,000 acres
Los Angeles County is already experiencing the most devastating flames in its history, and now a new, rapidly spreading wildfire has forced tens of thousands of residents to evacuate.In a mountainous region that abuts numerous residential neighbourhoods and educational institutions,
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
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Do you have enough insurance to rebuild after disaster? Experts say 2 types of coverage are key
Most fire victims say they want to rebuild. They might have insurance, but is it going to be enough? Here are two types of ...
California Senator questioned in FBI investigation is tapped again to lead Insurance Committee
Susan Rubio, a Democrat from Baldwin Park, will refill the vacancy that Senate leaders briefly left open for a few weeks ...
Los Angeles wildfires spark insurance anxiety among victims
Many people fear that their insurance policies won't cover the rebuild cost and that future premiums will be astronomical.
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California overhauled its insurance system. Then Los Angeles caught fire.
Joel Laucher, a former regulator and fire insurance expert at the consumer advocacy organization United Policyholders, said that the damage from the Los Angeles blazes could lead to further ...
Los Angeles Area Fire Victims May Also Have Tax Issues To Address
Fire victims may be taxed on money they collect, even on payments from their insurance companies. Amounts received following ...