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Under Lara’s new policy, insurance companies can’t enact non-renewals or cancelations for residents of the areas scorched by the Palisades and Eaton fires until January 7, 2026.
Homeowners are watching their fire insurance premiums triple — or losing coverage as insurers retreat from the market. Many are forced to rely on the costly California FAIR Plan, the state’s ...
Roughly one-fifth of the homeowners’ insurance premiums the company collects in the US come from California, according to Moody’s. Meanwhile, Allstate fell 5.6%, Travelers sank 4.3%, and Chubb ...
In the months before thousands of Los Angeles homes went up in flames, property insurance companies dropped coverage in many neighborhoods of the city, citing the growing wildfire risks caused by ...
State Farm had the largest California market share in 2023 with 19.9%, followed by Farmers Insurance with 14.9%, as well as CSAA Insurance Exchange and Liberty Mutual with 6.5% each.
Insurance stocks tumbled Thursday as wildfires in Los Angeles pose record-high losses. Allstate plunged as much as 4%, while Chubb and Travelers fell roughly 3% at lows. Progressive and American ...
The state of California's insurance regulator on Friday announced a one-year ... "I am using my moratorium powers to prevent insurance companies from canceling or ... Eaton Fire zip codes subject ...
The massive fires that have destroyed much of Pacific Palisades and demolished thousands of homes and structures in Los Angeles County threaten an effort to fix California's troubled home ...