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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.
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 ...
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 ...
California does have an insurance program under the Fair Access to Insurance Requirements Plan, established in the 1960s, which provides fire insurance coverage for high-risk properties.
This luxury realtor warns LA home prices will be huge from surge in fire insurance costs — claims about 1,000 new renters, buyers have entered the market Chris Clark January 29, 2025 at 7:09 AM
California’s insurance crisis. Last year alone, the Insurance Information Institute tracked $80 billion in insured losses caused by natural catastrophes across the US. The Daneaus’ home was ...
The problem of canceled policies has forced some homeowners to go without fire insurance or to use a program set up by the state — but without taxpayer support — called the California FAIR plan.