MortgagePoint examines how the California wildfires could have wide-ranging impacts on government programs, insurance ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
Insurers are required to use outdated risk models that don’t reflect real-time wildfire threats, making it impossible for them to set fair prices. Instead of being able to adjust based on actual ...
AM Best said it expects reinsurers’ exposure to the California wildfires to be “significant” but “manageable”. In commentary ...
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern ...
In a new commentary, AM Best notes that policyholders in California had increasingly turned to the state's insurer of last resort and nonadmitted market for homeowners' coverage prior to the wildfires ...
Current estimates suggest that over $70 billion in municipal credits are exposed to these events, with overall economic ...
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market ...
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
State Insurance Commissioner Ricardo Lara leaves an Assembly Committee on Insurance hearing on Tuesday, Sept. 17, 2024 at Los Angeles City Hall. (Photo by Sarah Reingewirtz, Los Angeles Daily ...
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