Los Angeles fire losses could reach $30 billion for insurers
Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages, the total costs will balloon to $40 billion, the report said.
The Eaton Fire that tore through Altadena, California, turned the home of Jeff and Jennifer Cohen into a shell of what it ...
Massive fires continue burning after igniting in the foothills of Pacific Palisades, and Altadena, forcing thousands to ...
You just spend your whole life accumulating certain things that mean something to you, and in 12 hours, it's all gone." ...
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies canceling or non-renewing ...
One of President-elect Trump's most controversial nominees was the first to face the scrutiny of a Senate confirmation ...
“Insurance companies are pledging their commitment ... insurers back to the market and force them to write more in fire-prone areas. The rules gave insurance companies permission to pass along ...
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.
The post Dealing With the Damage: Filing an Insurance Claim After a Fire, Step by Step appeared first on Real Estate News & ...
State Farm and other insurers in California have cut policies in the past year to reduce their exposure to risks like wildfires.
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...
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