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Los Angeles, California and Palisades Fire
What the Los Angeles fires might mean for the Bay Area home insurance market
The devastating wildfires burning through Los Angeles County this week are stoking concerns that California’s already faltering home insurance market could be thrown into deeper turmoil.
How the wildfires in Los Angeles area could affect California’s home insurance market
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.
50m
on MSN
Major insurance carriers dropped fire coverage in California; is Arizona next?
Last year, major insurance carriers stopped issuing new fire coverage in California and the same could happen in certain ...
6h
on MSN
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
1h
Will LA’s firestorms imperil the home insurance market?
But one analyst told The New York Times that insurance companies could see a drain on their reserves from this week’s ...
Marketplace
1h
As wildfires burn in Los Angeles, insurers brace for a potential financial disaster
The system is already strained by climate-induced disasters, says Wharton's Ben Keys. Homeowners across the state may bear ...
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