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California wildfires are now a near-annual crisis. In 2024 alone, over 1 million acres burned across the state, fueled by more than 8,000 wildfires. Since 2017, insured losses have reached $67 ...
Due to California's wildfire insurance crisis, homeowners in fire-prone areas are facing increasingly high rates or losing coverage altogether. Don't miss Car insurance premiums in America are ...
The wildfires scorching Southern California are turning entire neighborhoods into ash, decimating expensive properties and exacerbating an insurance crisis that predates the infernal blazes. Costs ...
Bailey Schulz and Jessica Guynn, USA TODAY. Updated January 10, 2025 at 12:33 PM. ... How will the wildfires affect California's insurance market?
According to LendingTree, more than 10% of all California homeowners lack homeowners insurance. “The high wildfire risk in California has led to insurance companies withdrawing from underwriting ...
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
Insurance giants State Farm, AIG, and Allstate have each stopped writing homeowner policies in California because of wildfire danger. According to a report issued Wednesday by JP Morgan, the ...