January 19, 2025 Higher Rates, Few Options for Home Insurance The mounting financial toll from the most destructive firestorm in Los Angeles history could deal a devastating blow to the property insurance market and the California homeowners… Read Article
January 19, 2025 Home insurance was already hard to get. Then came L.A.’s fires. Here’s what the data show, and what else to know. David and Peggy Blue were dumbfounded when they were notified last month that their home insurance would not be renewed because of a tall sycamore tree that overhangs their Altadena house. Their appeals for reconsideration were fruitless, leading the former San Diegans on a nerve-racking…
January 19, 2025 Close to Home: A new test for California’s insurance market The devastation in Los Angeles is horrific for the impacted home and business owners and a tragically relatable scenario for North Bay residents. This region knows all too well how quickly wildfires can destroy lives and homes and how fierce winds impair firefighters. Sonoma and…
January 16, 2025 What happens after a wildfire destroys your home? A survivor has tips “Take care of yourself, take care of your family. Recognize that this is a complete and utter devastating trauma. You can’t get away from it. It doesn’t matter who you are.” That advice for people affected by wildfires in Los Angeles comes from Annie Barbour,…
January 16, 2025 California fires show states’ ‘last resort’ insurance plans could be overwhelmed In the months before thousands of Los Angeles homes went up in flames, property insurance companies dropped coverage in many neighborhoods of the city, citing the growing wildfire risks caused by climate change. As a result, a fast-growing number of California residents have switched to…
January 16, 2025 Ceasefire in Gaza Reached and Delayed; Plus, Diving Deep into the Los Angeles Fires 00:08 — Iman Abid-Thompson is the Director of Advocacy and Organizing at the US Campaign for Palestinian Rights (USCPR). 00:20 — Joel Beinin, Professor of Middle East History, Emeritus at Stanford University. 00:33 — Nathan Solis is a breaking news reporter with the Fast Break…
January 16, 2025 Navigating home insurance after a wildfire, Status update with Pasadena’s Huntington Health , TV Talk and more Today on AirTalk, we’re talking to insurance experts to help listeners navigate home insurance after the L.A. wildfires. We’ll be checking in on L.A. wildlife and those who are working to save them. Pasadena’s Huntington Health was the closest hospital to the fires, we’re talking…
January 16, 2025 Expert offers help getting the most out of your insurance coverage after a disaster Although wildfires in the Los Angeles County are still threatening the area, many affected families have already begun trying to figure out what to do next. If you have fire insurance, contacting your insurance company should be one of the first things you do. But…
January 15, 2025 Rebuilding Lives: Navigating Insurance and Financial Recovery After California Wildfires The recent California wildfires have left many individuals and families facing the daunting task of rebuilding their lives. To assist in this process, we’ve compiled a comprehensive guide to resources available for filing insurance claims, accessing financial assistance, securing temporary housing and employment, obtaining grants…
January 15, 2025 L.A.-based Farmers tops survey of big California home insurers that decline the most claims Three of California’s largest home insurance companies declined nearly half of their claims in 2023, well above the national average, according to a ratings agency report reviewed by The Times. In a survey of national claims handled by the state’s leading home insurance companies, affiliates…
January 14, 2025 California wildfires damage? Experts share essential tips for filing insurance claims and tracking them Tragedies, especially those due to nature’s anger, are heartbreaking. They leave behind scars that take time to heal. One way of softening the blow is through paying for insurance. It helps people recover from their losses quickly. As people in Los Angeles County face the…
January 14, 2025 L.A. Fires Place Enormous Pressure on Insurance Industry Even before the fires in Los Angeles, California’s insurance market was under enormous pressure. Extreme weather events like wildfires, which have been supersized due to climate change, previously led national carriers like Allstate and State Farm to stop writing new homeowners policies. And some property…
January 14, 2025 How climate change is reshaping home insurance in California — and the rest of the U.S. As the wildfires in Los Angeles tear through hillsides, raze neighborhoods and displace residents, it’s too early to know how vast the destruction will be when the last of the flames is put out. Initial estimates predict that the costs will be massive. One leading…
January 14, 2025 Will LA fires cause home insurance rates to increase across the US? What to watch for The Los Angeles wildfires are raising new concerns about whether home insurance rates will go up across the country. NBC New York’s Lynda Baquero reports.
January 14, 2025 What the California wildfire destruction means for homeowners and insurance One of President-elect Trump’s most controversial nominees was the first to face the scrutiny of a Senate confirmation hearing. Defense Secretary-designate Pete Hegseth was questioned Tuesday about alleged sexual and financial misconduct as well as concerns he lacks the experience to manage more than three…
January 14, 2025 Expert warns San Antonio of potential insurance hikes due to increased disaster frequency Although we’re far from the devastation caused by wildfires in California, we may feel the impact on our insurance rates. Taylor Collins, Chair of the Department of Economics and Management at University of Incarnate Word says we will see the impact of California’s wildfires in…
January 13, 2025 California’s wildfires may also be catastrophic for its insurance market Kwynn Perry visited her home this weekend for the first time since the Eaton Fire started. It’s just ashes and rubble. “This is our bedroom,” she says. “That is our bed, my antique bed.” It’s now just a blackened, twisted ruin. Perry and her family leased the…
January 13, 2025 FAIR Plan coverage caps at $3 million: Here’s why experts are worried about Bay Area housing market The estimated insured losses from the Los Angeles County wildfires could reach $20 billion, which would be recorded as the costliest fire in U.S. history in that category, according to J.P. Morgan. The impacts are expected to be significant when it comes to access to…