News
Business Interruption Insurance: What It Covers and What It Doesn't After a Wildfire
11+ mon, 4+ day ago (510+ words) Los Angeles business owners suffered heavy losses after the Palisades and Eaton fires. Some saw their buildings and inventory reduced to rubble, while others lost their customer bases as communities left their neighborhoods to seek refuge and recover. If a…...
California utility bills are 20% higher due to wildfires
6+ day, 16+ hour ago (599+ words) The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California's largest utility, according to a government report. The report calls for a systemic overhaul of how the state responds to conflagrations as…...
Home insurance premiums set to rise again as extreme weather drives costs up
4+ week, 1+ day ago (311+ words) Home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected to increase 4% to about $3, 057 this year, after jumping 12% in…...
State Farm reaches deal to to keep 17% hike in home insurance rates
1+ mon, 1+ week ago (966+ words) A brokered deal with regulators and consumer advocates will allow State Farm General to keep controversial rate increases in home insurance rates that took effect last year in the wake of the devastating Los Angeles wildfires. The agreement sent to…...
Why California Auto Insurance Rates Are Skyrocketing in 2026
1+ mon, 1+ week ago (20+ words) Los Angeles Times Why California Auto Insurance Rates Are Skyrocketing in 2026...
State bill would mandate insurance for homeowners who reduce wildfire risks
1+ mon, 3+ week ago (777+ words) A bill requiring insurers to offer coverage to California homeowners who make their property resistant to wildfires was introduced Wednesday in the Legislature. The Insurance Coverage for Fire-Safe Homes Act would allow the commissioner to impose a five-year ban on…...
Lawmakers demand insurers explain tough requirements for payouts to wildfire victims
2+ mon, 1+ week ago (1044+ words) One of the biggest complaints from victims of the January 2025 wildfires has been demands by insurers that they provide itemized receipts for personal property losses, even if their records were destroyed in their burned homes. Now, California Sen. Adam Schiff…...
Wildfire victims decry state law protecting utilities from cost of disasters they cause
3+ mon, 11+ hour ago (1502+ words) A year after the Eaton fire, survivors and the state's electric utilities are clashing over whether state law should continue to protect the companies from the cost of disastrous wildfires they ignite. Southern California Edison says that with the help…...
Insured losses from wildfire, storms and floods hit record high globally
3+ mon, 2+ day ago (357+ words) Never before has the insurance industry faced such big losses tied to floods, severe thunderstorms and wildfires, according to a fresh study that links rising temperatures to increasingly dangerous weather patterns. Insured losses for so-called nonpeak perils " also sometimes referred…...
After L. A. wildfires, complaints about insurers prompt a flurry of bills - Los Angeles Times
3+ mon, 1+ week ago (1095+ words) Since the January 2025 firestorms damaged or destroyed more than 12, 000 homes in Los Angeles County, fire victims have repeatedly complained that insurers have delayed, denied or underpaid many of their claims, with most still displaced. A year later, state lawmakers have…...