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.
Californians could face insurance surcharges if Los Angeles fire claims deplete FAIR Plan
Changes to the way the insurance industry is regulated in California may mean all of the state's residents will be paying for at least a part of the cost of rebuilding from the destructive wildfires in Los Angeles County.
This viral image doesn't show Los Angeles wildfire damage. It's a fabrication | Fact check
A Lamborghini picture during the Los Angeles fires,” the post’s caption begins. Start the day smarter. Get all the news you need in your inbox each morning. The Instagram post received more than 10,000 likes in two days.
Why some structures may have withstood the Los Angeles area wildfires – while those next door burned to the ground
While it may be impossible ever to know for sure, several variables could be at play for those homes that survive, experts say: a smart, fire-resilient design; an owners’ preparation, like clearing away flammable vegetation;
How the Los Angeles wildfires can increase insurance rates for all Californians
The program guaranteeing fire insurance coverage for homeowners turned down by traditional companies, known as the California FAIR Plan​, could run out of money following the devastating destruction caused by the Palisades and Eaton fires.
How many homes have burned in the Los Angeles wildfires so far?
More than 12,000 homes, businesses, schools and other structures have been destroyed by raging wildfires that began ripping through the Greater Los Angeles area last Tuesday. Cal Fire said in an update Monday that a total of 40,
How Dangerous Winds Fuel Los Angeles Wildfires
T here are a lot of variables at play in the catastrophic wildfires currently clawing through southern California: dry vegetation, lack of rain, dense housing development, errant
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Insurance attorney, Woolsey Fire victims offer offer advice on how to file insurance claims
Homeowners dealing with the loss or destruction of their homes during the brush fires that are still ripping through Los ...
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Family who lost home faces uncertainty after losing insurance coverage before fire
An Altadena family whose home was destroyed in the Eaton Fire faces uncertainty after learning they would not be covered by ...
‘Completely Overwhelming’: L.A. Fire Victims Describe Their Devastating Losses
You just spend your whole life accumulating certain things that mean something to you, and in 12 hours, it's all gone." ...
Tyler Perry Slams Insurance Companies As He Plans To Aid Los Angeles Fire Victims
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies canceling or non-renewing ...
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This could be the beginning of the end for fire insurance in California
“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 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 ...
Dealing With the Damage: Filing an Insurance Claim After a Fire, Step by Step
The post Dealing With the Damage: Filing an Insurance Claim After a Fire, Step by Step appeared first on Real Estate News & ...
California Fire Victims Whose Insurance Was Cut Have Few Legal Options
State Farm and other insurers in California have cut policies in the past year to reduce their exposure to risks like wildfires.
Insurance attorney, Woolsey Fire victims offer advice on how to file insurance claims
To help fire victims walk through a process that may seem overwhelming, an insurance attorney and Woolsey Fire victims ...
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...