State farm was all in on California—until it pulled the plug before the fires
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
Fires and floods are eviscerating US communities, intensifying the housing crisis
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...
California Asks Insurers to Spare Wildfire Victims ‘the List’
The state’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in ...
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Allstate expects $1.1 billion in losses from Los Angeles fires
Allstate said this week that it expects to lose $1.1 billion due to the Los Angeles fires, making it the second major insurer ...