California could be a testing ground for a carrot-and-stick approach to preventing the collapse of insurance markets as ...
The state’s property insurance crisis, deepened by the devastating Los Angeles wildfires, is bringing renewed attention and a ...
There is a growing body of research connecting extreme weather, exacerbated by climate change, to insurance price increases. A US Treasury Department analysis of more that 243 million home policies, ...
Losses from the Los Angeles fires threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to find and keep affordable homeowners insurance. A major concern ...
The report, released by California's insurance department, addresses the thorny question of how to properly clean homes that survive wildfires but are tainted with toxic smoke.
“We’re never going to get to affordability if we don’t get insurers back into California. And the way we do that is by bringing down the risk,” said Ricardo Lara, the California Insurance Commissioner ...
The wildfires ravaging Southern California are expected to add further fuel to the state's ongoing insurance crisis, as residents' options for property coverage continue to dwindle or even disappear.
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said ...
One of the most common insurance complaints after a fire comes from people whose homes are still standing but covered in potentially toxic soot. Because there is no state or federal standard for smoke ...