A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
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.
LA homeowners face unequal rebuilding post-wildfires as insurance crisis leaves some covered while others struggle with minimal support.- Watch Video on English Oneindia ...
Oneindia (Video) on MSN10h
LA Neighbors Face Unequal Post-Wildfire Rebuilding as Insurance Crisis Leaves Some Covered,After the devastating LA wildfires, homeowners like Louise Hamlin and Chris Wilson face starkly different rebuilding realities. Hamlin, covered by Mercury Insurance, quickly received payouts, while ...
As of January 27, 2025, data from the California Department of Insurance reports that insurers have paid out over $4.2 billion, with 31,210 claims filed ...
Over the past few years, tens of thousands of Californians have faced the same shock. Major companies like State Farm and ...
Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities ...
SUBMITTED STATEMENT OFSTEVEN GREENHUTRESIDENT SENIOR FELLOW AND WESTERN REGION DIRECTORR STREET INSTITUTE BEFORE THESUBCOMMITTEE ON THE ADMINISTRATIVE STATE, REGULATORY REFORM, AND ANTITRUSTCOMMITTEE ...
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