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.
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The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...
Many Los Angeles-area residents devastated by fire will lean on Washington and charitable aid—and draw on their own savings.
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
The fires could cause more than $20 billion in damages, further straining the state’s fragile insurance market.
At a Friday morning wildfire news conference, California Insurance Commissioner Ricardo Lara addressed the needs of fire ...
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California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
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