California fires show states’ ‘last resort’ insurance plans could be overwhelmed
California fires show states’ ‘last resort’ insurance plans could be overwhelmed

Homeowners everywhere could get stuck with the bill when disaster strikes, experts fear. 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…
Roof wars: Homeowners, insurers duel over dropped policies
Roof wars: Homeowners, insurers duel over dropped policies

Unregulated tech tools are costing more people their policies. The 1915 three-bedroom craftsman bungalow on Alameda’s west end was showing its age when Evan Phillippe and his wife bought it in late 2008 for less than the asking price. It was just weeks after the…
What happens after a wildfire destroys your home? A survivor has tips
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,…
California fires show states’ ‘last resort’ insurance plans could be overwhelmed
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…
Navigating home insurance after a wildfire, Status update with Pasadena’s Huntington Health , TV Talk and more
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…
Expert offers help getting the most out of your insurance coverage after a disaster
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…
Rebuilding Lives: Navigating Insurance and Financial Recovery After California Wildfires
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…
What happens if CA FAIR Plan goes bankrupt? Here’s how it could affect policyholders
What happens if CA FAIR Plan goes bankrupt? Here’s how it could affect policyholders

What happens if the California FAIR Plan goes under in the wake of the devastation in Los Angeles? And what impact could it have on the 8.7 million policyholders across the state? “Why should people in San Francisco pay for a fire that was insured…
L.A.-based Farmers tops survey of big California home insurers that decline the most claims
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…
California wildfires damage? Experts share essential tips for filing insurance claims and tracking them
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…
L.A. Fires Place Enormous Pressure on Insurance Industry
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…
How climate change is reshaping home insurance in California — and the rest of the U.S.
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…
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…