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LA fires could drastically drive up insurance premiums and test Californias new market rules
Thisstoryfirst appeared inCalMatters. The deadly and destructive fires in Los Angeles which some say could be the costliest in the states history will further strain the insurance market and worsen the financial position of Californias insurer of last resort. Data about Pacific Palisades, the devastated LA neighborhood whose residents include movie stars and […]
Californians are protecting themselves from wildfire. Why is there still an insurance crisis?
Spend any time thinking or talking about insurance in California these days and youre bound to hear the word mitigation. Fire officials, lawmakers, insurance agents and others are asking homeowners to help lower the risk of devastating wildfires by making improvements to their properties in some cases at great expense and often in […]
California insurance market in chaos, says former insurance chief
This article was originally published by CalMatters. With more California homeowners just discovering their insurance policies are getting canceled and hundreds of thousands of others stuck with a pricey option of last resort state Insurance Commissioner Ricardo Laras efforts to fix the home insurance market cant come quickly enough. Lara has introduced two main […]