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California Halts Insurance Cancellations
California Homeowners Get New Protection From Insurance Cancellations
California Insurance Commissioner Ricardo Lara issued a one-year moratorium that protects homeowners' insurance if they live in the areas impacted by wildfires.
California bans insurance cancellation, non-renewals in LA areas affected by fires
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
California Halts Insurance Cancellations After Wildfires
Key Points ・California has implemented a one-year moratorium preventing insurance companies from canceling or non-renewing homeowners’ policies in areas impacted by wildfires. ・The moratorium applies to ZIP Codes near the Palisades and Eaton fires,
California bars insurers from dropping fire victims until 2026. What to know
As the Palisades and Eaton fires wreak havoc on Los Angeles, the state insurance commissioner is taking action to protect home insurance policy owners
California fires: Insurance companies dropping coverage and fleeing the state due to decades-old law
A California law passed in 1988 and its regulations play a significant role in why insurance companies are fleeing the state, experts say.
Southern California wildfires add to growing worries about homeowner insurance
Wildfires spared Tim Scanlon’s Altadena home as of Wednesday afternoon, even after devouring a neighbor’s landscaping and torching several nearby properties. But the music licensing executive worried that the firestorms rampaging across Los Angeles County still will affect his pocketbook,
CA Insurance Commissioner announces insurance protection for homeowners impacted by fires
California Insurance Commissioner Ricardo Lara has banned insurance companies from canceling or not renewing polices for homeowners affected by the Palisades and Eaton fires for one year, his office announced.
1h
on MSN
Los Angeles fire victims may not have insurance to rebuild
California’s wildfires are devastating the Los Angeles area, but insurance companies previously cut coverage in the state as ...
6h
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach ...
22h
on MSN
How the wildfires in the Los Angeles area could affect California’s home insurance market
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize ...
1d
on MSN
How the devastating Los Angeles fires could deepen California’s home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished thousands of homes and structures in Los ...
9h
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 ...
16h
on MSN
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.
8h
Los Angeles fires expose insurance shortcomings. Could startups do better?
The once hot insuretech sector fell out of favor a few years ago. Given the scope of the current disaster though, it's not ...
1d
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.
21h
on MSN
Destruction from Los Angeles County wildfires likely to impact insurance rates statewide
The devastation from the raging fires in Southern California is only just starting to come to light, but there are already ...
19h
New LA-area fire prompts more evacuations while over 10,000 structures lost to the 2 biggest blazes
The two biggest wildfires ravaging the Los Angeles area have burned at least 10,000 homes, buildings and other structures, ...
6h
Los Angeles fires live updates: 10 killed, 10,000 structures destroyed as Palisades, Eaton and other wildfires continue to burn in California
The deadly wildfires roaring through Los Angeles County entered a fourth day on Friday. At least 10 people have been killed, ...
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