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California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
LA fires could break California's insurance market
In Pacific Palisades alone, the FAIR plan insures nearly $6 billion worth of property, according to September figures — more than all but four communities in California. Across the state, the total value of FAIR-insured properties was $458 billion, triple the total insured value in 2020, according to FAIR Plan data.
Insurance: Here's what not to do if your California home was damaged, destroyed by wildfire
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away. Here's what you need to know.
Are wildfires covered by homeowners insurance? Here is what Californians should know.
As wildfires rage through Southern California, here is what residents should know about filing insurance claims.
California wildfires live updates: 5 dead as fires tear through Los Angeles area
The Palisades fire, Pasadena's Eaton fire and the Hurst fire are burning uncontrollably in the greater Los Angeles area, leaving 5 dead and prompting thousands to evacuate.
California fires live updates: New fire erupts in Hollywood Hills
Tens of thousands were evacuated as nearly 16,000 acres burned in the uncontrolled Palisades Fire in the Pacific Palisades neighborhood in Los Angeles.
3h
on MSN
Here's how to save on car insurance, as rates continue to rise
The cost of car insurance increased substantially in 2024, and premiums are set to rise for the seventh straight year. "The ...
6h
Wildfires Intensify Pivotal Moment for Insurance Industry
With over 13,000 homes at risk, the losses from the Los Angeles wildfires could approach $10 billion, according to ...
ConsumerAffairs
1h
First the fire, then the insurance vacuum
First your home burns to the ground, then you remember that the insurance company canceled your policy a few months ago. That ...
5h
on MSN
With congestion charges, insurance and gas prices — should we become a one-car family? My husband and I have had two cars for 40 years.
Dear Quentin, M y husband is retired and I’m semi-retired working about 20 hours a month at my own business. We have two cars ...
2d
The Path Forward For The Health Insurance Industry
A path forward for the U.S. health insurance industry following the mixed public reaction to United Healthgroup CEO Brian ...
6d
Global insurance rates fall 0.9% in 2024, first drop since 2017, report says
Global insurance premiums fell 0.9% last year as the market became more competitive after years of rate rises, insurance ...
5d
on MSN
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.
14h
on MSN
‘The View’ Star Sunny Hostin’s Husband Accused of Insurance Fraud in Federal Lawsuit
Sunny and Emmanuel married in 1998 and share two children, Gabe (22) and Paloma (18). Sunny, an attorney and long-time ...
1d
on MSN
'The View' star Sunny Hostin's surgeon husband accused of insurance fraud in sweeping federal lawsuit
Dr. Emmanuel Hostin, husband of "The View" co-host Sunny Hostin, was accused of insurance fraud in a sweeping federal lawsuit filed in New York last month.
8h
on MSN
How Allstate’s CIO is leaning on gen AI to make insurance policy coverage and claims requests more effective and empathetic
Allstate says AI is doing a lot of work for the insurer's employees, but decisions are still made by humans. But that ...
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