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Affected by the Wildfires in Southern California? You Might be Safe From Home Insurance Cancellations Through 2026
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their home is near a site affected by wildfires.
New insurance rules mean homeowners throughout California are likely to pay more after fires
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.
California insurance commissioner on navigating the insurance maze after LA’s fires
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.
Insurance commissioner expands moratorium protections for Southern California fire areas
The California insurance commissioner expanded the emergency protections covered by his recent moratorium for Southern California residents affected by wildfires.
Exclusive: California insurance commissioner discusses statewide impact of L.A. fires
The Los Angeles 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,
CA Insurance Commissioner won’t guarantee L.A. fires won’t increase rates elsewhere
The devastating wildfires burning in Southern California could have financial ramifications for residents across the state. California Insurance Commissioner Ricardo Lara Changes confirmed that recent policy changes would allow private companies to pass costs along to all customers in the state if they are asked to cover the costs in the
insurancebusinessmag
3h
Revealed - California FAIR plan faces $4.8 billion exposure from LA fires
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
NBC Los Angeles
1h
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 ...
1h
Why all California homeowners could be on the hook for LA County wildfire costs
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
2d
on MSN
First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...
4d
on MSN
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
5d
on MSN
How Wildfires Upended California’s Insurance Market
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is ...
Fast Company on MSN
8d
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 ...
1h
Economist Warns Insurance Crisis Can Break U.S. Economy
Climate change-fueled natural disasters like the L.A. fires could destabilize the entire U.S. economy, economist Gary W. Yohe wrote.
7d
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
22h
on MSN
I'm an economist. Here's why I'm worried the California insurance crisis could trigger broader financial instability
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...
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