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More homeowners are being denied insurance. The L.A. fires can be a turning point.
Many insurance companies have stopped issuing new policies to homeowners in other vulnerable states, including Louisiana and Florida. The wildfires that have devastated large parts of Los Angeles County have drawn fresh attention to the struggles many Americans face insuring their homes.
These home insurance companies denied the most claims
A Los Angeles Times report on three of the largest home insurance companies in California and found that affiliates of Farmers Insurance, based in Los Angeles, denied approximately 50 percent of its claims, according to the survey.
L.A. Fires: How Location Managers Are Helping Homeowners Track Down Photos for Insurance Claims
Location Managers Guild International members with location scouting photos taken in the L.A. area, including of homes in Pacific Palisades and Altadena, are aiming to assist families that lost homes in the devastating L.A. fires by providing them with pictures of their residences for insurance claims.
State Farm will renew insurance for fire-affected homeowners
State Farm, one of the largest insurers in California, announced Wednesday it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week.
2h
on MSN
Waters and Sherman introduce bill to address gaps in wildfire insurance coverage
Reps. Maxine Waters and Brad Sherman reintroduce legislation that would require a study assessing the danger wildfires pose ...
54m
on MSN
UnitedHealth shares fall 5% after first earnings report since insurance CEO’s murder
Shares in the insurance provider dropped after the firm disclosed its first earnings report since the shocking assassination ...
19h
Bill meant to help stabilize California insurance market has support. When could it pass?
A bill meant to help stabilize California’s troubled insurance market has key early support as wildfires continue to cause ...
1d
on MSN
Here's where insurance companies see the most risk for disasters
In the wake of the Los Angeles-area wildfires, some U.S. residents seek safety from climate-related calamities.
NerdWallet on MSN
20m
Wildfires Ignite Insurance Crisis: What’s Next for Californians?
California may be wooing back private insurers to high risk areas, but the state’s last-resort plan is likely to be ...
1d
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
1d
on MSN
Altadena couple whose home burnt down among thousands dropped by insurance before wildfires
The Eaton Fire that tore through Altadena, California, turned the home of Jeff and Jennifer Cohen into a shell of what it ...
1d
Insurance for natural disasters is failing homeowners − I don’t have the answers, but I do know the right questions to ask
What are the goals of the insurance? Who is being insured? And how are policyholders and their risks classified?
3d
Why car insurance prices are rising so much even though inflation is cooling
Policies were close to 13% more expensive in November compared to a year earlier, according to the Consumer Price Index.
2d
on MSN
Home insurance rates likely to spike in 2025 following severe weather events, insurers warn
With 2024 being the single-most expensive year on record in terms of insurance payouts in Canada, following a swath of ...
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