The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On ...
A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President ...
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California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
California banned insurers from canceling or not renewing residential property policies in the Los Angeles neighborhoods that ...
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California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
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