PBS3h
California faces insurance crisis as homeowners lose coverage amid extreme weather
Before thousands lost their homes in the recent Los Angeles wildfires, many had lost their insurance. Some residents found ...
Newsom wants homeowners in burn areas to get interest earned on insurance payouts
Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, say proponents of a bill ...
Wildfires could cost Los Angeles billions, but the financial fallout is just beginning
LA faces an initial $358 million wildfire recovery bill that is expected to rise with no immediate state or federal aid ...
For most L.A. fire victims, insurance won’t pay enough to rebuild
Experts say homeowners in fire-prone areas are increasingly carrying policies that may not cover the full cost of rebuilding.
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
The post Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims appeared first ...
Hey SoCal on MSN6h
Bill seeks to shift interest earned on insurance payouts to homeowners
A proposed assembly bill seeks to give interest earned on insurance payouts to homeowners, Gov. Gavin Newsom announced Monday ...
LA Wildfires Contained—But The Fight For Insurance Payouts Begins
Attorney Steve Mehr, Sweet James Co-Founding Partner says, “If they wrongfully dropped your policy or acted in bad faith, you ...
Los Angeles fires highlight risk of 'uninsurable future,' experts say
Jewlz and Terry Fahn make up one of thousands of Los Angeles households seeking to recover their losses after the devastation ...
The Art Newspaper14h
After the Los Angeles wildfires, will art become uninsurable?
The catastrophic blazes are expected to become the costliest wildfires ever in terms of insured losses, leading to concerns ...
Los Angeles wildfire victims' rebuilding options vary wildly among neighbors due to insurance crisis
Even next-door neighbors face starkly contrasting fortunes and unequal recovery, as nation's home insurance crisis grows.
Who gets to rebuild? Los Angeles fires expose the weakness of U.S. home insurance.
While there has been a growing crisis in insurance for years, the scale and scope of the Los Angeles wildfires brings the ...
HousingWire3d
Insurance exodus left many properties unprotected from the LA fires
State Farm “gobbled up market share — and generated substantial commissions for its agents — by insuring high-value homes in the Pacific Palisades and other Los Angeles neighborhoods” that ...