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.
Many Los Angeles-area residents devastated by fire will lean on Washington and charitable aid—and draw on their own savings.
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or ...
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The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...
The fires could cause more than $20 billion in damages, further straining the state’s fragile insurance market.
Insurance Commissioner Ricardo Lara said he's ordered insurance companies to have a one-year moratorium on insurance ...
California’s insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by ...
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
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California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
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