Econometer: Will California insurance reforms be enough to stop insurers from leaving?
Losses from the Los Angeles fires threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to find and keep affordable homeowners insurance. A major concern out of the destruction is not just the people without insurance,
Will LA wildfires prompt insurers to ditch California? Not necessarily.
State Farm and Allstate stopped offering new homeowner policies in the state in 2023, but the market may be too big to exit entirely, experts say.
California wildfires could have ‘domino effect’ on Utah’s home insurance market
Utah Gov. Spencer Cox said homeowners can continue to trust the state’s insurance market amid increasing concerns about wildfire risk.
How will the California wildfires shape the home insurance industry?
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
The Insurance Crisis Looming in California as the Wildfires Burn
California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made.
Wildfires Ignite Insurance Crisis: What’s Next for Californians?
The wildfires still raging in Los Angeles have displaced thousands of homeowners — many of whom have inadequate coverage due to a broken home insurance system in the state. And
What to know about home insurance in wake of the California wildfires | 7 On Your Side
As flames continue to burn across Southern California, many wildfire victims in Los Angeles are experiencing insurance coverage shock. Insurance coverage shock is when a person finds out they don't have a policy that can help fully rebuild or replace their home.
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‘Very Scary’: How Leftist Regulations Could Kneecap California’s Rebuilding Process Following Massive Infernos
After helping drive major insurers to flee the state, red tape from California’s liberal insurance regulators is poised ...
California Home Insurers That Denied The Most Claims
Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss ...
California insurance crisis: List of carriers that have fled or reduced coverage in the state
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
L.A.-based Farmers tops survey of big California home insurers that decline the most claims
Weiss Ratings issued a report alleging that Farmers Insurance and other California insurers reject nearly half of claims from ...
How price controls destroyed California’s housing insurance market
California lawmakers thought it was sensible to pass an economic policy that has been failing for more than 4,000 years.
California's Home Insurance Crisis: Rising Risks, Soaring Costs and Limited Options
As wildfires intensify across California, insurers retreat, leaving homeowners with fewer coverage choices and higher costs.
Allstate Stock Climbs. Why the L.A. Fires Aren’t the Only Worry for the Insurer.
The company took steps to reduce its risk to wildfire-prone California, but that's not the only issue facing investors.
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...