These California Insurers Cut Policies Before Devastating Wildfires
Several California insurers cut policies in wildfire-prone areas in recent years, leaving homeowners scrambling for options.
Will LA wildfires prompt insurers to ditch California? Not necessarily.
State Farm and Allstate stopped offering new homeowner policies in the state in 2023, but the market may be too big to exit entirely, experts say.
How will the California wildfires shape the home insurance industry?
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
The Insurance Crisis Looming in California as the Wildfires Burn
California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made.
California wildfires could have ‘domino effect’ on Utah’s home insurance market
Utah Gov. Spencer Cox said homeowners can continue to trust the state’s insurance market amid increasing concerns about wildfire risk.
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.
How the Los Angeles fires could impact the home insurance market
California's home insurance market was rocky before the fires, but companies were committed to make a comeback. With thousands of claims expected to flood the system, homeowners can expect changes.
What to know about home insurance in wake of the California wildfires | 7 On Your Side
As flames continue to burn across Southern California, many wildfire victims in Los Angeles are experiencing insurance coverage shock. Insurance coverage shock is when a person finds out they don't have a policy that can help fully rebuild or replace their home.
California wildfire damage raises concerns over home insurance policies
Entire communities across the Los Angeles area have been leveled with thousands of homes destroyed as a result of the ongoing wildfires.The devastation has now
California insurance crisis: List of carriers that have fled or reduced coverage in the state
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
Econometer: Will California insurance reforms be enough to stop insurers from leaving?
Losses from the Los Angeles fires threatened to deepen a crisis that has already left hundreds of thousands of Californians ...
California Home Insurers That Denied The Most Claims
Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss ...
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...
Allstate Stock Climbs. Why the L.A. Fires Aren’t the Only Worry for the Insurer.
The company took steps to reduce its risk to wildfire-prone California, but that's not the only issue facing investors.
L.A.-based Farmers tops survey of big California home insurers that decline the most claims
Weiss Ratings issued a report alleging that Farmers Insurance and other California insurers reject nearly half of claims from ...
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 ...
Inside Climate News1d
Peering Into a Bleak, ‘Uninsurable Future’
Property insurance premiums are skyrocketing in the face of climate shocks like the fires raging through greater Los Angeles.