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 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.
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
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.
California’s insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion
"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be paid."
California's FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.
CA wildfires: Some evacuees returning to homes
As firefighters in California continue to make progress on the wildfires that are still burning in Los Angeles, planning for the recovery process is just getting started. Meanwhile, one insurance firm is changing course for some wildfire-affected residents there.
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 ...
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 ...
California insurance crisis: List of carriers that have fled or reduced coverage in the state
Several insurance companies have either fled California, stopped writing new policies or otherwise reduced their exposure in ...
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 ...
Fast Company on MSN6d
California overhauled its insurance system. Then Los Angeles caught fire.
Over the past five years, California has become a poster child for what climate-fueled weather disasters can do to a ...
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 ...