FAIR Plan bailout deepens housing strains
California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
‘Disaster amnesia’: The Los Angeles wildfires revealed a deeper, more vicious cycle that has plagued California for decades
The secret is out, but the charred remains of LA neighborhoods still might not be enough to change the Golden State’s ...
How Wildfires Upended California’s Insurance Market
The fires that swept through Los Angeles in January will have deep and long-lasting effects on the state’s already stressed ...
These L.A. homeowners had coverage for fire. But not for the toxins left behind.
Clashes over covering smoke damage have become a growing issue in recent years as wildfires intensify and home insurance ...
Mark Gongloff: California insurer of last resort went bust. It won’t be alone.
The inevitable result of a fracturing private insurance market will be the socialization of disaster losses, as seen in ...
insurancebusinessmag1d
Farmers Exchanges expect $600 million in losses from California wildfires
The Farmers Exchanges, which include Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange, have ...
California Insurer of Last Resort Went Bust. It Won’t Be Alone.
California homeowners were just reminded that the financial backstop of last resort for houses destroyed by wildfires is … ...
2 home insurance companies given green light to increase rates in CA, impacting 660K customers
State regulators have given two home insurance companies the green light to raise their rates in California, impacting ...
Los Angeles Daily News6d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...
JD Supra2d
California Sustainable Insurance Strategy (SIS) Allows FAIR Plan Assessment Recoupment
The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the ...
LA Wildfires Intensify Political Jousting Over Home Insurance Premiums
Recent LA wildfires test Insurance Commissioner Lara's new premium calculation system amid industry pressures.