The Los Angeles County fires have cast uncertainty over when the insurance crisis buffeting the entire state will ease, California Insurance Commissioner Ricardo Lara told the Chronicle during an interview Saturday in Santa Monica,
At least 29 people are believed to be dead and more than a dozen others remain unaccounted for as multiple wildfires rage across Southern California.
Chubb expects that its losses from the L.A. County fires will total $1.5 billion, making the Swiss company the first major insurer to release such a figure.
Insurance Commissioner Ricardo Lara and Los Angeles County Dist ... After devastating fires in Los Angeles County, California lawmakers will consider changes to the state’s troubled insurance ...
Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover massive fire claims.
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up providers.
LA had planned to take substantially less from the iconic Eastern Sierra lake this winter. The decision is a blow to conservationists who have been trying to restore the lake for decades.
INSURANCE PAYOUT: Insurance companies have already paid out $4.2 billion in claims related to the Palisades and Eaton fires, according to California’s Insurance Department. That covers only payments intended for immediate assistance, like rental housing, and not yet the cost of debris removal and rebuilding.
Insurance companies have already paid $4.2 billion claims to survivors of the Los Angeles wildfires, according to the California Department of Insurance. The figure, current as of Jan. 27, includes the costs of evacuation expenses and advance payments for lost personal belongings — it doesn’t reflect the additional billions insurers are expected to pay once debris removal and rebuilding begin.
More than 30,000 insurance claims have been filed after the devastating Los Angeles-area wildfires, according to the new tracker.
Maybe the families and companies fleeing this state are trying to tell us something has gone wrong in California.
CalMatters reports on the alarming issue of home development in highly flammable areas in the state of California.