Econometer: Will California insurance reforms be enough to stop insurers from leaving?
Losses from the Los Angeles fires threatened to deepen a crisis that has already left hundreds of thousands of Californians struggling to find and keep affordable homeowners insurance. A major concern out of the destruction is not just the people without insurance,
California Home Insurers That Denied The Most Claims
Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss Ratings.
Insurers began leaving California years before latest wildfire
As wildfires in California have worsened in recent years, some insurers have said they're done covering the damage.
California Faces a Staggering $20 Billion Wildfire Insurance Crisis, and ‘Sad Surprises’ May Be Ahead for Homeowners
The catastrophe has been years in the making as the state’s largest insurance companies discontinued coverage for thousands of residents and slowed
L.A.-based Farmers tops survey of big California home insurers that decline the most claims
Weiss Ratings issued a report alleging that Farmers Insurance and other California insurers reject nearly half of claims from state homeowners. Insurers have disputed the findings.
California’s Insurance Crisis Leaves 806,000 LA Homes Without Coverage
Los Angeles is experiencing a severe homeowners insurance crisis, with over 800,000 homes currently lacking coverage. While insurance companies are being criticized for the shortage of policies, the root cause may be a 1988 California law known as Proposition 103.
Newsweek on MSN8d
These California Insurers Cut Policies Before Devastating Wildfires
Several California insurers cut policies in wildfire-prone areas in recent years, leaving homeowners scrambling for options.
California insurance crisis: List of carriers that have fled or reduced coverage in the state
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
Crain's Chicago Business5d
Will LA wildfires prompt insurers to ditch California? Not necessarily.
State Farm and Allstate stopped offering new homeowner policies in the state in 2023, but the market may be too big to exit ...
How will the California wildfires shape the home insurance industry?
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or ...
How price controls destroyed California’s housing insurance market
California lawmakers thought it was sensible to pass an economic policy that has been failing for more than 4,000 years.
KPCW2d
California wildfires could have ‘domino effect’ on Utah’s home insurance market
Utah Gov. Spencer Cox said homeowners can continue to trust the state’s insurance market amid increasing concerns about ...