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Southern California residents facing losses from this week’s Los Angeles-area fires are beginning to confront their next challenge: filing an insurance claim. Though mainstream insurers garnered ...
Once a claim is accepted, California law states that the company has 30 days to pay out. Sean Andrade told BI that insured Los Angeles fire victims should start their claim as soon as possible ...
California lawmakers have created a wildfire insurance fund with access to $21 billion that is meant to ensure that Southern California Edison remains solvent and victims' claims are paid in full.
Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure.A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land – the title holder – once there has been an "improvement" to the owner's site.
The California Department of Forestry and Fire Protection (CAL FIRE) [3] [4] is the fire department of the California Natural Resources Agency in the U.S. state of California.It is responsible for fire protection in various areas under state responsibility totaling 31 million acres, as well as the administration of the state's private and public forests.
[A]n insurer may, under [California] Insurance Code sections 331 and 359, rescind a fire insurance policy based on an insured's negligent or unintentional misrepresentation of a material fact in an insurance application, notwithstanding the willful misrepresentation clause included in the required standard form fire insurance policy (Insurance ...
In a survey of national claims handled by the state's leading home insurance companies, affiliates of Los Angeles-based Farmers Insurance topped the list, denying about 50% of claims for payment.
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 ...
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