Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
California’s insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.
Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit.
Travelers Cos. Inc. is expecting a preliminary loss of $1.7 billion for the California wildfires in January, as analysts are pricing in the expenses in their first-quarter profit estimates for the insurance giant.
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
California’s insurer of last resort runs out of money to pay L.A. fire claims
In the aftermath of the Los Angeles fires, the FAIR plan gets a $1 billion bailout — the latest indication that California’s home insurance market is on shaky footing.
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis.
California farm donates hundreds of thousands of eggs to wildfire victims and first responders
A California farm is donating hundreds of thousands of fresh eggs to people affected by last month’s devastating wildfires in ...
New California wildfire maps: See 'Very High' fire hazard zones by county
A recent executive order by California Gov. Gavin Newsom aims to ramp up fire safety in urban areas as new maps released by ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
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2 million acres of land in California designated as ‘high’ or ‘very high’ fire danger areas
In some areas, hazards have surged. Buildings in the highest hazard zones will be subject to the strictest fire-resiliency ...
Travelers sees $1.7 billion in losses from California wildfires
Travelers Cos. said it expects about $1.7 billion of pretax losses from the wildfires that devastated Los Angeles last month.
California fire insurer of last resort to be bailed out by assessments on other insurers
California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...
California’s Problem Now Isn’t Fire—It’s Rain
Torrential rain is expected this week in Los Angeles, which risks producing flash flooding and landslides in areas stripped ...
Cal Fire's updated fire-hazard maps will double the area of locally managed land that must comply with safety codes
Cal Fire will begin rolling out new fire-hazard severity maps, which are expected to more than double the land in ...