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 by the apocalyptic wildfires that continued to sow destruction as of
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.
Many Los Angeles-area residents devastated by fire will lean on Washington and charitable aid—and draw on their own savings.
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
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The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't ...
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California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
Wildfires engulfing swaths of Los Angeles are expected to be one of the nation’s costliest natural disasters, with insurers ...
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
At least 10 people have died and thousands of others have been displaced after wildfires swept through Southern California.
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