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Disaster insurance is failing homeowners. The L.A. fires can be a turning point.
Many insurance companies have stopped issuing new policies to homeowners in other vulnerable states, including Louisiana and Florida. The wildfires that have devastated large parts of Los Angeles County have drawn fresh attention to the struggles many Americans face insuring their homes.
Insurance for natural disasters is failing homeowners − I don’t have the answers, but I do know the right questions to ask
Because of the way the plan is set up, that would force other insurers – and ultimately homeowners – to make up the difference. These are tricky problems, and – speaking as an expert in insurance – I can’t say I have answers.
California fires could worsen insurance crisis
Simran Parwani/Axios The raging wildfires in L.A. County have thrust California's insurance industry back into the spotlight. Why it matters: More than a quarter of properties statewide have recently seen insurance rates rise because of wildfires or flooding.
More insurance pain possible following LA fires
Insurance premiums are already rising in Australia and destructive fires in the United States may help keep costs high.
1d
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
23h
on MSN
Is Your Term Life Insurance a Waste of Money?
Term life insurance offers affordable coverage with a significant tax-free death benefit, but most policies don't pay out.
11h
Former New China Life Insurance chairman indicted for embezzlement, taking bribes
Li Quan, former chairman of New China Life Insurance , has been indicted on charges of embezzlement and taking bribes, ...
4h
on MSN
Comedian Bill Burr Sounds Off on Insurance Companies as L.A. Burns
Bill Burr is not afraid to call out the insurance companies who have seized the opportunity to cash in on the L.A. fires. “I ...
1d
Best No-Medical-Exam Life Insurance Companies
Compare the best life insurance companies for policies that don’t require a medical exam. We evaluated coverage options, ...
NBC Los Angeles
5h
Here's where insurance companies see the most risk for disasters
In the wake of the Los Angeles-area wildfires, some U.S. residents seek safety from climate-related calamities.
1d
on MSN
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...
1h
As climate risks mount, homeowners far beyond California face soaring insurance bills
Insurance companies are canceling homeowner policies across the U.S. — even in regions that aren't considered climate hot spots.
10h
India's HDFC Life posts Q3 profit rise on insurance boost
India's HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail ...
2d
California Bans Insurance Policy Cancellations in L.A. Until 2026 as Wildfire Disaster Costs Pile Up
Insurance Commissioner Ricardo Lara on Thursday issued a mandatory moratorium that prohibits insurance companies from pulling ...
1d
Homeowners insurance on Long Island: Costs, mistakes, advice
Renters or tenants may think they're covered by landlords' insurance, but typically aren't. Renters insurance on Long Island, ...
35m
California wildfire live updates: Los Angeles area on alert as high winds fan the flames
Fanned by strong winds, the wildfires have killed at least 24 people and swept through 40,000 acres in the Greater Los ...
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