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The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California's efforts to stabilize ...
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
T he fires that are burning through southern California may be shocking, but they are not surprising. Anyone who lived in the ...
Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some California wildfire victims, calling her claims "false." ...
Early estimates show that the total damage and economic loss due to the Los Angeles wildfires is between $135 and $150 billion.
Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or ...