Insurer Mercury Will Discuss the Los Angeles Wildfires and Its Own Prospects
With about 4.5% of California’s home insurance market, Mercury faces a double whammy from the fires that engulfed Pacific Palisades and Altadena.
Newsom wants homeowners in burn areas to get interest earned on insurance payouts
Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, say proponents of a bill ...
Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...
Travelers faces $1.7 billion impact from Los Angeles wildfires, future premium changes uncertain
Travelers reports a $1.7 billion impact from Los Angeles wildfires, with future premium changes in California and nationally ...
Who gets to rebuild? Los Angeles fires expose the weakness of U.S. home insurance.
While there has been a growing crisis in insurance for years, the scale and scope of the Los Angeles wildfires brings the ...
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
California's insurance authority has launched an online tracking tool that shows how much money has been paid out in claims ...
Wildfires could cost Los Angeles billions, but the financial fallout is just beginning
LA faces an initial $358 million wildfire recovery bill that is expected to rise with no immediate state or federal aid ...
The Associated Press on MSN8d
Los Angeles wildfire victims' rebuilding options vary wildly among neighbors due to insurance crisis
Even next-door neighbors face starkly contrasting fortunes and unequal recovery, as nation's home insurance crisis grows.
Cronkite News1d
Los Angeles small businesses are in ‘recovery’ phase after deadly wildfires, but experts predict many won’t rebuild
Officials say homeowners and small businesses are in the ‘recovery’ phase after wildfires, but experts predict a many won’t rebuild despite assistance.
California’s backup insurance provider seeks $1B after wildfires. Policyholders could pay half
The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ultimately be ...