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Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the Pacific Palisades and the San Gabriel Valley's Eaton fire zones.
In 2023, State Farm raised rates by an average of 20% for existing customers and said it would no longer accept new homeowners’ insurance applications in California. And in March, the insurance ...
One alternative to the state’s fire and insurance crisis could lie with addressing the 15 million acres in California the United States Forest Service says requires forest thinning to become ...
Homeowners throughout California will likely see their homeowners insurance premiums climb in the wake of the fire. Earlier this week State Farm, California’s largest insurance provider ...
“The high wildfire risk in California has led to insurance companies withdrawing from underwriting policies in some parts of the state or limiting coverage for perils like wildfire, making it ...
In 2024, the California Department of Forestry and Fire Protection, known as Cal Fire, battled 8,024 wildfires that burned more than 1,000,000 acres of land, and damaged or completely destroyed ...
The ongoing Palisades Fire is poised to become one of the state's costliest: Fire officials said Wednesday that more than 11,800 acres have been destroyed and that 1,000 structures have been ...
"Premiums are increasing in fire-prone areas because insurance companies are dealing with more claims and bigger payouts," says Nick Ramirez, a California-based Goosehead insurance agent. "It’s ...