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.
Insurers Braced to Bail Out California State Insurer For L.A. Wildfire Losses
Insurers are estimating losses totaling billions of dollars from the Los Angeles wildfires, including assumed payments to allow for a bail out
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 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’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’s backup insurance provider seeks $1B after wildfires. Policyholders could pay half
The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ultimately be covered by policyholders.
Feds won’t test soil after L.A. wildfire cleanup, potentially leaving contamination behind
In the wake of the Eaton and Palisades fires, Army Corps officials are saying that excavating six inches of topsoil is enough ...
More than 2 million acres of local land in California designated high or very high fire danger areas
Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
Court filing accuses Southern California Edison of tampering with possible Eaton fire evidence
A motion filed late Monday by the law firm Edelson PC accuses Southern California Edison of not disclosing its decision to ...
Sazerac Will Auction A Barrel Of Pappy To Fund California Wildfire Relief
The appalling devastation wrought by the Southern California wildfires has prompted Sazerac Company to offer a barrel of 15 ...
Fire-ravaged Los Angeles braces for landslides as atmospheric river brings heavy rain to California
A new rain storm is bearing down on California, including fire-ravaged Los Angeles, where residents are bracing for the possibility of mudslides and landslides.
Los Angeles County leaders warn of heavy rain, possible evacuations after region’s wildfires
Residents in burn scar areas should be ready to evacuate if needed. City and county agencies have readied streets for debris ...
A Major Storm Is About to Soak California
In Southern California, the flooding could be life-threatening in areas burned by wildfires. California is about to get ...