More than 30,000 insurance claims have been filed after the devastating Los Angeles-area wildfires, according to the new ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
The legislation would permit a state government conduit issuer to sell bonds to bolster the last-resort FAIR Plan in the wake ...
A chimney remains standing in a home destroyed by the Eaton Fire in Altadena on Jan. 8, 2025. Photo by Jules Hotz for From economy reporter Levi Sumagaysay: Insurance companies have paid out $4.2 ...
Commissioner Ricardo Lara added new zip codes to his mandatory ... the costs passed on to consumers," Lara's office. The Los Angeles District Attorney's Office also announced a new rapid response ...
For decades, California's byzantine insurance regulations effectively forced insurers to subsidize people living in wildfire-prone areas. With the recent ...
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
With at least 28 lives lost, more than 12,000 structures destroyed, 80,000-plus people who were or still are under evacuation orders and damage estimates in the tens of billions of dollars, the Los An ...
The California Department of Insurance has been working on stabilizing the insurance market and on Dec. 31, Commissioner Ricardo Lara ... plays out in Los Angeles: Entire communities wiped out ...
As he looks at the ruins of his home razed when deadly fires tore through the Los Angeles area, Sebastian Harrison knows ...
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