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.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On ...
A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
California Insurance Commissioner Ricardo Lara issued a one-year moratorium that protects homeowners' insurance if they live ...
California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that ...
California’s insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by ...
KCRA Sacramento on MSN3h
California insurance commissioner issues moratorium on cancellations for Palisades, Eaton fire areasI am using my moratorium powers to prevent insurance companies from canceling or non-renewing policies in wildfire-impacted areas, so people don’t face the added stress of finding new insurance during ...
16hon MSN
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
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