Will LA fires cause home insurance rates to increase across the US? What to watch for
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.
What the California wildfire destruction means for homeowners and insurance
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…
Expert warns San Antonio of potential insurance hikes due to increased disaster frequency
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…
California’s wildfires may also be catastrophic for its insurance market
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…
FAIR Plan coverage caps at $3 million: Here’s why experts are worried about Bay Area housing market
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…
LA fires just latest disaster prompting home insurers to drop coverage, raise rates
LA fires just latest disaster prompting home insurers to drop coverage, raise rates

Wildfires leveling parts of Los Angeles. Hurricanes devastating Florida and the Carolinas. Floods around the Passaic River, Meadowlands and Jersey Shore. Nearly half of all homes across the nation — worth almost $22 trillion — face at least one type of severe or extreme climate…
California Fire Victims Whose Insurance Was Cut Have Few Legal Options
California Fire Victims Whose Insurance Was Cut Have Few Legal Options

As wildfires ravage areas of Los Angeles in California, destroying thousands of homes and businesses, the decision last year by its largest insurer State Farm to reduce its number of policyholders in at-risk areas has caught fresh attention. State Farm CEO Denies Hardin wrote in…
Experts caution L.A. fire victims to approach insurance claims process as ‘business transaction’
Experts caution L.A. fire victims to approach insurance claims process as ‘business transaction’

As policyholders begin to file loss claims, experts say taking notes and keeping records is key to a smooth process Southern California residents facing losses from this week’s Los Angeles-area fires are beginning to confront their next challenge: filing an insurance claim. Though mainstream insurers…
Why a ‘scarlet letter’ insurance is increasingly one of the only options for homeowners
Why a ‘scarlet letter’ insurance is increasingly one of the only options for homeowners

The devastation in L.A. could become the most expensive wildfire disaster in U.S. history and push more homeowners across the state into a less-regulated insurance market with higher premiums and less protection. While it will take months or even years to understand the full scope…
After the fire, the insurance battles: LA victims’ ordeal may just be beginning
After the fire, the insurance battles: LA victims’ ordeal may just be beginning

California homeowners who lost everything in this week’s devastating Los Angeles-area fires now have to battle their insurance companies to recover the value of their homeowners’ policies – if they are lucky enough to have insurance at all. With estimates of the economic damage from…
Wildfires will alter California’s homeowners insurance landscape
Wildfires will alter California’s homeowners insurance landscape

The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The wind-driven blazes that started Tuesday roared through neighborhoods…
Los Angeles wildfires rage as California homeowners battle an “insurance crisis”
Los Angeles wildfires rage as California homeowners battle an “insurance crisis”

The wind-driven wildfires burning out of control in the Los Angeles area couldn’t have emerged at a more perilous moment for California’s homeowners, as officials try to rehab what they concede is a deepening “insurance crisis.” “We were all thinking 2025 is going to be…
Los-Angeles Fires Push Insured Losses Beyond $20 Billion, Compounding Insurance Woes
Los-Angeles Fires Push Insured Losses Beyond $20 Billion, Compounding Insurance Woes

Nick Ramirez hunched over a screen in his Los Angeles insurance agency, watching a map tracking the raging wildfires engulfing clients’ properties. “Hayley—gone. Oliver, his home also went down,” he said, pointing to small dots in a fast-expanding sea of red.“I’ve been in the insurance…
The best way to claim insurance if you lost your home or business in the Los Angeles wildfires
The best way to claim insurance if you lost your home or business in the Los Angeles wildfires

More than 6,000 structures have been destroyed in Southern California this week after wildfires, fanned by brutal Santa Ana winds, ripped through multiple neighborhoods of greater Los Angeles. The affected home and business owners are preparing for a tough recovery ahead, one that is likely…
How Los Angeles wildfires could affect California’s home insurance market
How Los Angeles wildfires could affect California’s home insurance market

The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The wind-driven blazes that started Tuesday roared through neighborhoods…
As fires rage, CA fears home insurance collapse
As fires rage, CA fears home insurance collapse

Californians are at risk of losing even more: The Los Angeles area blazes that have killed at least five people and destroyed or damaged more than 2,000 buildings this week are threatening to raze more neighborhoods than insurance providers can handle. The latest. Nearly 200,000 people across 45…
LA fires could drastically drive up insurance premiums — and test California’s new market rules
LA fires could drastically drive up insurance premiums — and test California’s new market rules

The state’s plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover and stabilize? The deadly and destructive fires in Los Angeles — which some say could be the costliest in the state’s history —…
Does homeowners’ insurance cover wildfires? Tips to follow if your house or business has been affected by California wildfires
Does homeowners’ insurance cover wildfires? Tips to follow if your house or business has been affected by California wildfires

Southern California has been tackling the impact of the devastating wildfires, which, according to Governor Gavin Newsom’s press conference on Tuesday, are posing a serious threat to “not a few” but “many structures” in the area. The fires have already claimed the lives of at…