California's 'Regulatory Failure' Blamed for Wildfire Insurance Disaster
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...
The Desert Sun8d
California car insurance rates skyrocketed, but they aren't the highest in the nation
Car insurance rates in California increased by nearly 50% in 2024, according to a recent report, with full coverage now costing drivers an average of $2,575 annually—11% more than the national ...
State farm was all in on California—until it pulled the plug before the fires
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
Allstate expects $1.1 billion loss from California fires
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January ...
usaherald1d
Can the President Stop California’s Rising Insurance Rates? Legal Pathways and Federal Influence Examined
While the President has limited power over state-regulated insurance, strategic actions can influence California insurers ...
ABC 7 Los Angeles on MSN15h
Fire-ravaged L.A. areas faced high non-renewal rates for home, fire insurance before disaster struck
Dropped from your home or fire insurance? See which Southern California zip codes have the highest non-renewal rates.
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
TMCnet1d
Best's Commentary: Wildfires Intensify Troubles in California's Property Insurance Market
In a new commentary, AM Best notes that policyholders in California had increasingly turned to the state's insurer of last resort and nonadmitted market for homeowners' coverage prior to the wildfires ...