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"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 ...
The LA wildfires could cost insurance companies $30 billion. ... An aerial view of beachfront homes burned in the Palisades Fire in Malibu, California, on January 15, 2025. ... California law ...
State Farm had the largest California market share in 2023 with 19.9%, followed by Farmers Insurance with 14.9%, as well as CSAA Insurance Exchange and Liberty Mutual with 6.5% each.
A 2004 report by the Congressional Budget Office put medical malpractice costs at 2 percent of U.S. health spending and "even significant reductions" would do little to reduce the growth of health care expenses. [63] A 2009 CBO report estimated that approximately $54 billion could be saved over ten years by limiting medical malpractice lawsuits.
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 ...
MedPro Group, formerly known as The Medical Protective Company, is a Berkshire Hathaway company and the largest provider of healthcare liability (medical malpractice) insurance in the United States. MedPro provides customized malpractice insurance, claims, and risk cover to physicians, surgeons, dentists and other healthcare professionals, as ...
Western Mutual was incorporated under the laws of California on March 7, 1942, as a county mutual fire insurer with the title Coast Mutual Fire Insurance Company of Los Angeles County. It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949.
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.