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 fires.
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.
Can California’s broken homeowners insurance system be fixed?
The Palisades and Eaton wildfires in Los Angeles County have displaced thousands of homeowners — many of whom have inadequate coverage due to the state’s broken home insurance system. And
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 could reach billions, officials said.
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 give insurance companies more leeway in raising rates, while allowing them to use computer modeling to forecast risk and to incorporate their own “reinsurance” costs from backup providers in setting future premiums.
California Wildfires Push Insurance Crisis to 'New Level'
As the scope of the losses caused by the Los Angeles wildfires unfolds, experts say the blazes are likely to bring higher premiums and more coverage cuts.
How Wildfires Upended California’s Insurance Market
How the Wildfires Could Reshape California Mortgage Lending
If the insurance industry stops writing policies for California homes, it will ultimately hit the mortgage industry.
How California policy exacerbates the costs and consequences of wildfires
The epic Southern California wildfires have led to 25 deaths. While more than 12,000 structures across Los Angeles are destroyed or badly damaged. And the catastrophic financial costs are becoming clear,
California Bans Insurance Policy Cancellations In Boost To Property Owners. The Insurance Industry Prepares For Record-Breaking Losses
The yearlong ban that California’s insurance authority rushed to impose on cancellations in parts of Los Angeles hardest hit ...
California moratorium on insurance cancellation in LA fire zones expanded by state commissioner
The California insurance commissioner expanded the emergency protections covered by his recent moratorium for Southern ...
Marketplace3d
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 ...
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.
University of California3d
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 ...
They lost their insurance. Then their homes burned
When Chad Comey heard sirens outside the Palisades condo he lived in with his parents last Tuesday, he didn’t think much of it. Then the fire alerts started.
California's FAIR Plan faces financial strain amid Los Angeles wildfire crisis
Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover ...
‘California Is Like a Driver That’s Had Five Car Accidents’
Because there will be a next fire. The vegetation—fire fuel—will grow back, fire season will keep lengthening into wind ...