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…
Why LA is in an insurance crisis
Why LA is in an insurance crisis

California has seen other major insurers pull back on property coverage in the nation’s most populous state as climate change makes wildfires, floods and windstorms more common and damaging. Of the top 20 most destructive wildfires in state history, at least 15 occurred since 2015.…
Bay Area agency works to help Southern California fire victims recover
Bay Area agency works to help Southern California fire victims recover

A Bay Area-based agency is stepping up to help those impacted by the deadly and destructive Southern California wildfires. After the Fire USA, based in Sonoma, is already getting to work in the Los Angeles area. CEO Jennifer Gray Thompson said the nonprofit group works…
California FAIR Plan could be on the hook for up to $24 billion in L.A. fire losses
California FAIR Plan could be on the hook for up to $24 billion in L.A. fire losses

Experts have predicted that the fires blazing through several parts of Los Angeles County could easily become the most costly wildfire event in the U.S. One insurer alone faces potential losses of up to $24 billion: the California FAIR Plan. The FAIR Plan is a…
How the wildfires in Los Angeles area could affect California’s home insurance market
How the wildfires in Los Angeles area 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…
Experts warn CA homeowners insurance premiums could spike in wake of SoCal wildfires
Experts warn CA homeowners insurance premiums could spike in wake of SoCal wildfires

Part of the governor’s state of emergency includes an insurance non-renewal moratorium. The state’s insurance commissioner told our colleagues at KABC Wednesday that he’s working on protecting homeowners in the affected areas from being dropped by their insurer for one year. It’s raising serious questions…
An insurance crisis was already brewing in L.A. Then the fires hit.
An insurance crisis was already brewing in L.A. Then the fires hit.

In July, as California sweltered through its hottest month in history, the state’s biggest insurance company stopped providing home insurance to more than a thousand homeowners in the Pacific Palisades neighborhood of Los Angeles. Tucked into the fire-prone hillsides on the city’s Westside, the neighborhood…
Changes to insurance may affect those impacted by Los Angeles area wildfires
Changes to insurance may affect those impacted by Los Angeles area wildfires

On this segment of Ask an Expert, we’re discussing the insurance implications of the devastating wildfires burning in Southern California. This as private insurance companies have canceled hundreds of policies in wildfire-prone areas and the state’s FAIR plan takes on more policies. To answer those…
California fires intensify scrutiny on strained home insurance market
California fires intensify scrutiny on strained home insurance market

The fires raging in the Los Angeles area have many people asking what impact it could have on California’s home insurance market. That’s because – in recent years – most of the state’s biggest property insurers have paused or limited business in California, citing the…
Got insurance? Tips for homeowners affected by Southern California wildfires
Got insurance? Tips for homeowners affected by Southern California wildfires

At least six wildfires (Palisades, Eaton, Hurst, Lidia, Sunset, and Woodley) have forced California residents to flee from their homes, resulting in death, injuries, and property destruction. Officials and consumer advocates offer advice for residents with insurance questions and related issues in the aftermath of…
Los Angeles wildfires could make insurance crisis worse
Los Angeles wildfires could make insurance crisis worse

The recent wildfires in Los Angeles could become the most expensive series of wildfires in California’s history, not due to the number of homes lost, but because of the high value of the properties affected, experts say. AccuWeather released a preliminary estimate this week, putting…
What California homeowners should know about filing an insurance claim for fire damage
What California homeowners should know about filing an insurance claim for fire damage

As deadly wildfires engulf swaths of Los Angeles County, forcing nearly 200,000 people from their houses, a still-to-be known number of residents will be contending with insurance claims to recoup losses and rebuild or repair their homes. For those looking to be treated fairly and…
California overhauled its insurance system. Then Los Angeles caught fire.
California overhauled its insurance system. Then Los Angeles caught fire.

On Tuesday, after a ferocious Santa Ana windstorm blew through Southern California, a severe brush fire broke out in the wealthy Pacific Palisades neighborhood of Los Angeles, burning at least 1,000 structures and forcing hundreds of thousands of residents to evacuate as of Thursday morning.…
Los Angeles Fires Burn Down Thousands Of Homes: Here Is How You Can Claim Insurance
Los Angeles Fires Burn Down Thousands Of Homes: Here Is How You Can Claim Insurance

Multiple wildfires have been ravaging Los Angeles County since Tuesday, resulting in at least five deaths and thousands of residents being displaced. Authorities called for more mass evacuations on Wednesday after hundreds of structures were destroyed. Now, locals are seeking insurance for their property loss.…
How the devastating Los Angeles fires could deepen California’s home insurance crisis
How the devastating Los Angeles fires could deepen California’s home insurance crisis

The fires across Los Angeles County are likely to be one of the most expensive natural disasters in U.S. history, with losses estimated at $50 billion or more. The losses threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to…
Tools for recovering insurance after wildfires
Tools for recovering insurance after wildfires

Amy Bach, executive director of the nonprofit United Policyholders, joined us to discuss how she and her team provide tools and resources for navigating insurance after disasters, such as devastating wildfires. For more information, visit UPHelp.org. This segment aired on the KTLA 5 Morning News…