Insurance industry stares at potential record-breaking losses from Los Angeles wildfires
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles County, with initial estimates suggesting total insured losses could reach as high as $20 billion.
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.
Renters insurance can positively impact landlords by reducing their liability, protecting their policy rates and improving ...
AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
4hon MSN
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
With insured losses ballooning, home-insurance rates in places like Vermont and Virginia are rising, too.
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Cheat Sheet: These are the steps fire victims need to take to make an insurance claimWe have tips from California's insurance commissioner on how to contact the state and start the claims process, and how to ...
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
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