The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
California’s insurance commissioner won’t allow canceled or nonrenewed policies in and around the fire zones for a year.
CNBC's Contessa Brewer and Elyse Greenspan, Wells Fargo, joins 'Power Lunch' to discuss insurer's liability around the ...
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or ...
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some California wildfire victims, calling her claims "false." ...
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing ...
Firefighters are still unable to contain multiple blazes, as forecasters warn winds could stoke an already "extremely ...