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California, State Farm and wildfires
Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.
California wildfire backlash: State Farm, other insurers slammed for dropping coverage
The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.
State Farm canceled California homeowners’ insurance policies months before wildfires
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."
Insurance crisis looms in California
Insurance crisis looms in California as fires ravage communities
Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put
California had a home insurance crisis before the LA fires. It's only going to get worse.
Insurance is going to be even harder to come by, and it is going to get incredibly more expensive than it already is. People need to be prepared for that,” said Mark Newman-Kuzel, president and owner of The Mark Newman-Kuzel Agency in Los Angeles,
An insurance crisis was already brewing in L.A. Then the fires hit.
The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as disasters multiply.
16h
on MSN
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 ...
Grist
6h
California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
4h
on MSN
California fires highlight insurance issues across nation, including in New Jersey
The California fires are highlighting a serious issue across the nation as insurance carriers drop coverage or decide not to ...
6h
on MSN
California fires: VP Harris called out over claim about canceled insurance
The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some ...
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wildfires
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