California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
US insurers face billions in losses from Los Angeles wildfires
Major insurers face billions of dollars in losses from the Los Angeles wildfires, they said this week, despite dropping clients in California before the catastrophe. AIG and Allstate and are among the national insurers that warned of losses even after they cut their exposure to the state in recent years.
California’s insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.
Why California wildfires will cost this niche British insurer £132m
The devastation caused by last month's California wildfires will cost a London-listed insurer as much as £132m in payouts.
Lancashire Holdings estimates California wildfire losses up to $165 million
Lancashire Holdings (LON:LRE), a London-listed insurance company, has estimated on Thursday its net losses from the wildfires in California last month to be between $145 million and $165 million.
California Storm, Atmospheric River A Flood, Debris Flow Danger, Including In Los Angeles Burn Areas
Areas charred by last month's wildfires in Southern California now face a new threat from a powerful, but fast-moving Pacific ...
Fire Chief: Super Scoopers, choppers work – but were grounded during fierce California wildfire winds
The familiar, water-dropping aircraft are leased by the fire department from Quebec each year to help fend off California ...
California calls for 5-foot clearance around homes: What does it mean?
Gavin Newsom, facing nationwide criticism after the devastating Los Angeles fires, on Thursday signed an executive order to ...
Fire-ravaged Los Angeles braces for landslides as atmospheric river brings heavy rain to California
A new rain storm is bearing down on California, including fire-ravaged Los Angeles, where residents are bracing for the possibility of mudslides and landslides.
California judge admonished for rifling through offices of fellow jurists after hours
Superior Court Judge Daviann L. Mitchell expressed remorse for her behavior, attributing it to stress and personal issues ...
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Los Angeles County DA Hochman Reports Husband Faces Murder Charge in Deadly Encino Shooting of Wife
February 13, 2025 – VAN NUYS, CA – Los Angeles County District Attorney Nathan J. Hochman announced on Wednesday that a ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...
California-based farm donating hundreds of thousands of eggs in wake of Los Angeles wildfires
We all know about the ongoing egg shortage and skyrocketing prices across the U.S., but that’s not stopping one California ...
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
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When to expect peak rainfall in Southern California from the strongest storm of the season
Flash flood watches and evacuation warnings are in effect in Los Angeles due to a strong winter storm. Here’s the rain ...