LA Wildfires Push California Insurance Market to Its Limit
Risk models identified the Palisades — along with Silicon Valley’s Los Altos Hills and the Moraga and Orinda area east of San Francisco — because of problematic commonalities: the highest value homes, difficult topography for fighting blazes, and increased susceptibility to the kind of windy, dry weather conducive to fires.
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit ...
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
FOX Business' Cheryl Casone joined 'Fox & Friends First' to discuss the insurance crisis in California as wildfires devastate ...
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...
An executive summary of the plan that was previously released mentioned Pacific Palisades by name, noting that "strong winds, notably the Santa Ana winds, can swiftly spread flames, posing threats to ...
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
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