pacific palisades insurance news - Search News

Victims of Pacific Palisades fire face another harsh reality

Barron's on MSN · 2h

The Pacific Palisades Inferno Won’t Engulf the Insurance Industry

Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate change could actually help this industry grow. So send relief to wildfire victims,

Victims of the Pacific Palisades fire face another harsh reality: No insurance to rebuild

Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's California wildfires.

CBS News on MSN · 4h

Before the Palisades Fire, many of those homeowners had lost insurance

About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

California, Insurance and Los Angeles

The New Yorker · 42m

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.

California overhauled its insurance system. Then Los Angeles caught fire.

The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.

The Associated Press on MSN · 6h

How Los Angeles wildfires could affect California's home insurance market

State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration of potential wildfire risks. The community also is among the areas most impacted by an unavailability of insurance coverage.

1hon MSN

Insurance commissioner issues moratorium on home policy cancellations in fire zones

Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...

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Major insurance company canceled policies in Pacific Palisades months ago: Report

FOX Business' Cheryl Casone joined 'Fox & Friends First' to discuss the insurance crisis in California as wildfires devastate ...

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Pacific Palisades

The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on ...

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