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Insurance Crisis That Will Follow the California Fires
California bans insurance cancellation, non-renewals in LA areas affected by fires
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
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 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.
1h
on MSN
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future.
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
1h
California fires highlight national concerns about insurance carriers dropping coverage
The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to ...
Long Beach Post
2h
LA fires could drastically drive up insurance premiums — and test California’s new market rules
The state’s plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover ...
5h
on MSN
Los Angeles wildfires rage as California homeowners battle an 'insurance crisis'
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for ...
8h
on MSN
Insurance Company Stocks Fall as Damage Estimates from California Wildfires Rise
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
17h
on MSN
Where are evacuation orders in place for the California wildfires? See maps
LOS ANGELES − As multiple wildfires continue to burn through Southern California, evacuation orders remain in place ...
4h
on MSN
Insurance commissioner issues moratorium on home policy cancellations in fire zones
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the Pacific Palisades and the San Gabriel Valley's Eaton fire zones.
1h
What we know about the victims killed in the California wildfires
At least 10 people have died across the Los Angeles area in the wildfires. Officials have said the true death toll is not ...
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wildfires
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