All eyes are on State Farm’s next move as wildfires rip apart Los Angeles
State Farm is facing a rising tide of new scrutiny amid wildfires ripping through whole communities in Los Angeles. The insurer ended coverage for thousands of homes in the Pacific Palisades months before the disaster ruthlessly claimed swaths of homes,
California fires put Los Angeles and outlying areas on high alert: What to know
Los Angeles is reeling from the most destructive wildfires in its history, and firefighters are struggling to contain the devastating blaze.
US Insurers Slump as Los Angeles Wildfire Loss Estimates Hit $20 Billion
Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion. Wells Fargo also expects similar insured
Los Angeles fire victims may not have insurance to rebuild
California’s wildfires are devastating the Los Angeles area, but insurance companies previously cut coverage in the state as a result of the increasing likelihood of paying billions in damages each year.
California homeowners battle an 'insurance crisis' as wildfires burn out of control
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is a deepening "insurance crisis.
How the Wildfires in the Los Angeles Area Could Affect California's Home Insurance Market
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing reside
US property and casualty insurers slide as Los Angeles wildfire losses mount
U.S. property and casualty insurance stocks slid in premarket trading on Friday on worries over the billions of dollars in potential catastrophe-related claims from the wildfires menacing Los Angeles,
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
State Farm canceled California homeowners’ insurance policies months before wildfires
State Farm canceled hundreds of homeowners’ insurance policies for residents in many of the same areas now in the path of the ...
Yes, State Farm ended insurance coverage for many in the Pacific Palisades in 2024
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
Pacific Palisades
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
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California Faces a Staggering $20 Billion Wildfire Insurance Crisis. ‘Sad Surprises’ May Be Ahead for Homeowners
The catastrophe has been years in the making as the state’s largest insurance companies discontinued coverage for thousands ...
California's Largest Insurer Speaks Out About Wildfires
State Farm, which canceled hundreds of policies in Pacific Palisades last summer, is encouraging customers affected by the fires to file damage claims.
Devastating Fires Send L.A. Residents Scrambling for Homes in a Tight Market: ‘Get Me to Newport’
With two major fires raging in Los Angeles County, thousands of displaced residents are now hunting for new homes in a very ...
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State Farm Cancelled Homeowners’ Policies In California Months Before Wildfires: Report
As wildfires rip through the Pacific Palisades in Los Angeles County, California, hundreds have been left without homeowner's ...
Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.