New wildfires break out in Southern California
Southern California wildfires highlight home insurance industry
The wildfires in Southern California have put a spotlight on the home insurance industry. Companies are being confronted with massive new claims. This comes at a time where some insurers have reportedly agreed to sell new policies in fire prone areas.
Here's how climate change is reshaping home insurance costs in California — and the rest of the U.S.
California's Department of Insurance also recently passed regulations that pave the way for rate increases in exchange for increased coverage in wildfire-prone regions. In 2024, some insurance ...
5don MSN
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los ...
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
2don MSN
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after ...
Fast Company on MSN8d
California overhauled its insurance system. Then Los Angeles caught fire.Over the past five years, California has become a poster child for what climate-fueled weather disasters can do to a ...
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is ...
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
At this juncture, it is difficult to assess the breadth of damage and loss of life that has occurred as a result of the ...
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...
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