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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 ...
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 California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to write new ones. California had a home insurance crisis before the LA fires.
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.
The insurance industry argued the change was imperative given global warming's role in a number of wildfires, including in 2017 and 2018 when thousands of homes burned down.
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 ...
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 ...