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#los-angeles

Los Angeles Wildfires To Shatter Disaster Records With Up to $45 Billion in Insured Losses

The fires in Los Angeles are projected to result in insured losses between $35 billion and $45 billion, marking the largest wildfire loss event ever.

The LA county wildfires could be the costliest in US history, early estimates say

Wildfires in Los Angeles County are projected to be among the costliest natural disasters in U.S. history, with damages expected between $135 billion and $150 billion.

Rents likely to balloon in wake of L.A. wildfires, experts say

Wildfires in Los Angeles are worsening the housing affordability crisis, leading to higher rents and competition for rebuilding resources.

Tell us about the financial consequences you are facing due to the California fires

Insurance negotiations are crucial for homeowners and business owners affected by the Los Angeles-area fires, amidst estimated damages reaching $57 billion.

Los Angeles Wildfires To Shatter Disaster Records With Up to $45 Billion in Insured Losses

The fires in Los Angeles are projected to result in insured losses between $35 billion and $45 billion, marking the largest wildfire loss event ever.

The LA county wildfires could be the costliest in US history, early estimates say

Wildfires in Los Angeles County are projected to be among the costliest natural disasters in U.S. history, with damages expected between $135 billion and $150 billion.

Rents likely to balloon in wake of L.A. wildfires, experts say

Wildfires in Los Angeles are worsening the housing affordability crisis, leading to higher rents and competition for rebuilding resources.

Tell us about the financial consequences you are facing due to the California fires

Insurance negotiations are crucial for homeowners and business owners affected by the Los Angeles-area fires, amidst estimated damages reaching $57 billion.
morelos-angeles
#wildfires

Opinion | Los Angeles Fires and the Crisis of Affordability

Rising home insurance premiums and recent fires exacerbate Los Angeles's deepening affordability crisis, impacting the middle class and rental market.

LA wildfires: Is insurance the next battlefront for California residents?

The Los Angeles wildfires may lead to unprecedented insured losses in California, potentially exceeding $20 billion. Many property owners face uncertainty with insurance claims.

Homeowners should ask these questions about insurance for natural disasters

Home insurance access is rapidly declining in high-risk areas due to climate change, affecting many Americans' ability to insure their homes.

LA fires could be 'costliest' natural disaster in US history DW 01/10/2025

The recent Hollywood Hills wildfires could become one of the costliest natural disasters in US history, with losses potentially reaching $50 billion.

LA fires could be the U.S.' worst natural disaster, Newsom says

California's wildfires may result in insured losses surpassing $20 billion, potentially becoming the costliest wildfires in U.S. history.

California overhauled its troubled insurance system. Then Los Angeles caught on fire

California's insurance market faces challenges due to severe wildfires, leading to significant reforms aimed to stabilize the situation.

Opinion | Los Angeles Fires and the Crisis of Affordability

Rising home insurance premiums and recent fires exacerbate Los Angeles's deepening affordability crisis, impacting the middle class and rental market.

LA wildfires: Is insurance the next battlefront for California residents?

The Los Angeles wildfires may lead to unprecedented insured losses in California, potentially exceeding $20 billion. Many property owners face uncertainty with insurance claims.

Homeowners should ask these questions about insurance for natural disasters

Home insurance access is rapidly declining in high-risk areas due to climate change, affecting many Americans' ability to insure their homes.

LA fires could be 'costliest' natural disaster in US history DW 01/10/2025

The recent Hollywood Hills wildfires could become one of the costliest natural disasters in US history, with losses potentially reaching $50 billion.

LA fires could be the U.S.' worst natural disaster, Newsom says

California's wildfires may result in insured losses surpassing $20 billion, potentially becoming the costliest wildfires in U.S. history.

California overhauled its troubled insurance system. Then Los Angeles caught on fire

California's insurance market faces challenges due to severe wildfires, leading to significant reforms aimed to stabilize the situation.
morewildfires
#natural-disasters

California's wildfires may also be catastrophic for its insurance market

The Los Angeles wildfires have drastically affected local insurance markets, with many residents left uninsured and facing significant financial challenges.

As insurance companies leave high-risk areas, many turn to 'last resort' insurance

The rise of 'last resort' insurance is highlighting a fragile system as more insurers exit high-risk markets. This could lead to significant financial issues.

New Congressional Reports Show How Dire the Climate Insurance Crisis Really Is

Climate change has led to a significant spike in homeowners' insurance premiums and policy cancellations, reflecting its economic impact.

Home insurance rates likely to spike in 2025 following severe weather events, insurers warn | CBC News

2024 marks unprecedented insurance payouts in Canada, prompting forecasts of significant home insurance rate increases in 2025 due to climate-induced disasters.

Wildfire damage with a reverse mortgage? Here's what to do

Reverse mortgage borrowers must notify their servicer and insurance carrier about property damage or evacuation due to Southern California wildfires.

California's wildfires may also be catastrophic for its insurance market

The Los Angeles wildfires have drastically affected local insurance markets, with many residents left uninsured and facing significant financial challenges.

As insurance companies leave high-risk areas, many turn to 'last resort' insurance

The rise of 'last resort' insurance is highlighting a fragile system as more insurers exit high-risk markets. This could lead to significant financial issues.

New Congressional Reports Show How Dire the Climate Insurance Crisis Really Is

Climate change has led to a significant spike in homeowners' insurance premiums and policy cancellations, reflecting its economic impact.

Home insurance rates likely to spike in 2025 following severe weather events, insurers warn | CBC News

2024 marks unprecedented insurance payouts in Canada, prompting forecasts of significant home insurance rate increases in 2025 due to climate-induced disasters.

Wildfire damage with a reverse mortgage? Here's what to do

Reverse mortgage borrowers must notify their servicer and insurance carrier about property damage or evacuation due to Southern California wildfires.
morenatural-disasters

Insurance companies fight $19.7m claim over Basquiat forgeries

The case revolves around the insurability of purported Basquiat forgeries and the insurers' refusal to provide payouts.

Private firefighters breakdown how they spend most of their time - and it's not protecting mansions

Private firefighting companies primarily serve federal government contracts and insurers, not individual homeowners, contrary to popular perception.

If you're a homeowner, take note of these 6 ways that you can save money annually

Homeowners can save significant money by shopping for insurance annually and reducing monthly bills using apps.

Netradyne snags $90M at $1.25B valuation to expand smart dashcams for commercial fleets | TechCrunch

Netradyne leverages advanced AI technology to improve driver safety and reduce insurance costs for commercial fleets.

Citing L.A. Wildfires, State Farm Cancels Super Bowl Ad, Delays 'Severance' Tie-In Spots

State Farm has canceled its Super Bowl ad due to the ongoing wildfires in California, prioritizing customer safety over advertising.
#data-privacy

Allstate accused of paying app makers for driver mobile data

Texas Attorney General Ken Paxton sues Allstate for allegedly collecting telematics data without driver consent, violating consumer protection laws.

Lawsuit: Allstate used GasBuddy and other apps to quietly track driving behavior

Texas sued Allstate alleging illegal tracking of drivers and data use without consent, violating state privacy laws.

Allstate accused of paying app makers for driver mobile data

Texas Attorney General Ken Paxton sues Allstate for allegedly collecting telematics data without driver consent, violating consumer protection laws.

Lawsuit: Allstate used GasBuddy and other apps to quietly track driving behavior

Texas sued Allstate alleging illegal tracking of drivers and data use without consent, violating state privacy laws.
moredata-privacy

'Eircode lottery' leading to massive differences in cost of home insurance

Home insurance premiums can vary significantly based on location, influenced by risks like burglary and flooding, with costs differing by up to 62%.

Exclusive | Uber-led coalition to take on sky-high insurance costs for NYC cab, ride-share drivers

Uber-led coalition launches campaign to reduce insurance costs for drivers in New York.
Proposed legislation aims to lower minimum liability coverage to alleviate financial strain.
Auto insurance in New York is nearly 40% higher than the national average.
#healthcare-costs

How Did We End Up with Such an Opaque and Costly Health-Care System?

The article highlights the stark contrast between billed healthcare costs and insurance payments, illustrating the pricing issues in the U.S. healthcare system.

These 6 Medicare Costs Are Higher in 2025

Medicare changes in 2025 mean higher costs for seniors including increased premiums and deductibles.

How Did We End Up with Such an Opaque and Costly Health-Care System?

The article highlights the stark contrast between billed healthcare costs and insurance payments, illustrating the pricing issues in the U.S. healthcare system.

These 6 Medicare Costs Are Higher in 2025

Medicare changes in 2025 mean higher costs for seniors including increased premiums and deductibles.
morehealthcare-costs
#real-estate

Florida Homeowners Get New 'Affordable' Insurance Options-but There's a Catch

A new insurance program in Florida targets homeowners of newly built homes, addressing challenges caused by climate risks and rising premiums.

One real-estate investor explains how she's planning to optimize her portfolio and improve her returns without buying more property in 2025

Dana Bull will focus on optimizing her real estate portfolio in 2025 instead of acquiring more properties.

Older Adults Are Sharing The Purchases Millennials And Gen Z'ers Should 100% Avoid

Buyer's remorse can be particularly painful in adulthood, especially regarding larger purchases; careful consideration is crucial.

Florida Homeowners Get New 'Affordable' Insurance Options-but There's a Catch

A new insurance program in Florida targets homeowners of newly built homes, addressing challenges caused by climate risks and rising premiums.

One real-estate investor explains how she's planning to optimize her portfolio and improve her returns without buying more property in 2025

Dana Bull will focus on optimizing her real estate portfolio in 2025 instead of acquiring more properties.

Older Adults Are Sharing The Purchases Millennials And Gen Z'ers Should 100% Avoid

Buyer's remorse can be particularly painful in adulthood, especially regarding larger purchases; careful consideration is crucial.
morereal-estate
#wildfire-risk

Rising concerns over CA FAIR Plan's financial capability due to LA wildfire costs

Enrollment in California's FAIR Plan has surged as private insurers withdraw, largely due to increasing wildfire risks fueled by climate change.

LA fires could drastically drive up insurance premiums and test California's new market rules

Insurance companies are increasingly canceling homeowners' policies due to wildfire risk, causing a rise in reliance on the FAIR Plan.

Rising concerns over CA FAIR Plan's financial capability due to LA wildfire costs

Enrollment in California's FAIR Plan has surged as private insurers withdraw, largely due to increasing wildfire risks fueled by climate change.

LA fires could drastically drive up insurance premiums and test California's new market rules

Insurance companies are increasingly canceling homeowners' policies due to wildfire risk, causing a rise in reliance on the FAIR Plan.
morewildfire-risk

What To Do if the Condominium Above You Has a Water Leak

Notify your neighbor immediately when you notice a leak to prevent further damage.
Having adequate insurance is crucial for condominium owners to protect their belongings and property.

Mail-out madness as insurer sends customers mixed messages

Hastings Direct faced technical issues with erroneous emails misleading customers about refunds and renewals, raising concerns over their database management.

Automating Underwriting in Insurance Using Python-Based Optical Character Recognition | HackerNoon

Automating underwriting processes enhances efficiency and customer experience in the insurance industry.

HUD seeks feedback on climate resiliency, home insurance

HUD is addressing challenges in the home insurance market due to extreme weather and rising costs.
#california

California to require insurers to increase home coverage in wildfire-prone areas

Home insurance costs in California could increase significantly due to industry-driven regulations with inadequate consumer impact analysis and lack of public input.

Dramatic Insurance Spikes Could Tank California's Homeless Housing | KQED

Increasing insurance premiums are driven by higher rebuilding costs and risk perception of properties, impacting affordable supportive housing providers significantly.

Dramatic Insurance Spikes Could Tank California's Homeless Housing | KQED

California's solution to homelessness faces risks from rising insurance premiums for supportive housing, potentially jeopardizing efforts to house the unhoused.

California to require insurers to increase home coverage in wildfire-prone areas

Home insurance costs in California could increase significantly due to industry-driven regulations with inadequate consumer impact analysis and lack of public input.

Dramatic Insurance Spikes Could Tank California's Homeless Housing | KQED

Increasing insurance premiums are driven by higher rebuilding costs and risk perception of properties, impacting affordable supportive housing providers significantly.

Dramatic Insurance Spikes Could Tank California's Homeless Housing | KQED

California's solution to homelessness faces risks from rising insurance premiums for supportive housing, potentially jeopardizing efforts to house the unhoused.
morecalifornia
#climate-change

Home insurance companies dropping customers

Insurance companies are increasingly withdrawing coverage from high-risk areas due to climate change, impacting homeownership and community stability.

Insurers are fleeing California due to wildfires. But this startup plans to work with the riskiest homes

Insurance companies are limiting policies in wildfire-prone California, but new startup Stand aims to address fire risk through proactive measures.

Drivers set for 50 car insurance saving next year, experts predict

The Independent continues to deliver vital news on crucial issues by keeping journalism accessible and funded through public donations.

Home insurance companies dropping customers

Insurance companies are increasingly withdrawing coverage from high-risk areas due to climate change, impacting homeownership and community stability.

Insurers are fleeing California due to wildfires. But this startup plans to work with the riskiest homes

Insurance companies are limiting policies in wildfire-prone California, but new startup Stand aims to address fire risk through proactive measures.

Drivers set for 50 car insurance saving next year, experts predict

The Independent continues to deliver vital news on crucial issues by keeping journalism accessible and funded through public donations.
moreclimate-change
#homeowners

What Happens When Your Insurance Rate Spikes Due to Climate Change? - Non Profit News | Nonprofit Quarterly

Emergency alert systems must improve for better disaster preparedness.
Homeowners insurance assessments are critical, especially after major hurricanes.
Miscommunication with insurance can lead to unnecessary issues and costs.

SF homeowner spent $42K to appeal Liberty Mutual's non-renewal but it didn't work. Here's why

Insurance companies are using potentially inaccurate aerial footage as justification for non-renewals, leading to financial burdens for homeowners.

'Mold, algae': Insurance drops SF homeowners, citing aerial footage of roof; inspector refutes claim

Insurers may use aerial footage to make coverage decisions, but this can lead to unjust policy cancellations based on misleading evidence.

Florida condo owners will see higher costs in 2025 due to this law

Condos in Florida will face higher association fees due to new safety laws mandating adequate reserve funds for repairs.

What Happens When Your Insurance Rate Spikes Due to Climate Change? - Non Profit News | Nonprofit Quarterly

Emergency alert systems must improve for better disaster preparedness.
Homeowners insurance assessments are critical, especially after major hurricanes.
Miscommunication with insurance can lead to unnecessary issues and costs.

SF homeowner spent $42K to appeal Liberty Mutual's non-renewal but it didn't work. Here's why

Insurance companies are using potentially inaccurate aerial footage as justification for non-renewals, leading to financial burdens for homeowners.

'Mold, algae': Insurance drops SF homeowners, citing aerial footage of roof; inspector refutes claim

Insurers may use aerial footage to make coverage decisions, but this can lead to unjust policy cancellations based on misleading evidence.

Florida condo owners will see higher costs in 2025 due to this law

Condos in Florida will face higher association fees due to new safety laws mandating adequate reserve funds for repairs.
morehomeowners
#business-strategy

Aviva agrees 3.7bn deal to acquire Direct Line, forming a UK motor insurance powerhouse

Aviva is acquiring Direct Line for £3.7 billion, aiming to enhance its position in motor and home insurance markets in Britain.

11 Books to Help Navigate Risk

Books on risk management provide valuable insights for entrepreneurs facing various challenges in business.

Aviva agrees 3.7bn deal to acquire Direct Line, forming a UK motor insurance powerhouse

Aviva is acquiring Direct Line for £3.7 billion, aiming to enhance its position in motor and home insurance markets in Britain.

11 Books to Help Navigate Risk

Books on risk management provide valuable insights for entrepreneurs facing various challenges in business.
morebusiness-strategy

Van drivers warned to prepare for surge in Christmas thefts - London Business News | Londonlovesbusiness.com

Tradespeople must enhance security for tools during the Christmas season due to an increased risk of theft.

Wife of ex-interim NYPD Commish Tom Donlon slapped with summons for car insurance lapse following NYC crash: sources

Deirdre O'Connor, wife of former NYPD Commissioner Tom Donlon, was arrested for driving with lapsed insurance after a car crash in Manhattan.
#healthcare

UnitedHealth chief admits US health system does not work as well as it should'

The US health system is inadequate and needs improvement, acknowledges Andrew Witty.

19 Medical Professionals Are Sharing Stories Of Insurance Companies Failing Their Patients

The disparity in healthcare access can lead to life-threatening situations for uninsured individuals, highlighting systemic flaws in the U.S. healthcare system.

Torrent of Hate for Health Insurance Industry Follows C.E.O.'s Killing

Public reaction to Brian Thompson's death reflects deep frustration with healthcare insurance practices and a perceived lack of empathy toward industry executives.

Luigi Mangione Is America Whether We Like It Or Not

Public's reaction to Mangione demonstrates widespread anger toward the healthcare system and his emergence as a folk antihero.

The Internet's Reaction To The Killing Of A Healthcare CEO Shows How Broken The US Healthcare System Is

Public anger towards healthcare insurance companies is intensifying, driven by personal experiences of insurance denial and high costs.

UnitedHealth CEO's killing unleashes social media rage against insurers

The murder of UnitedHealthcare CEO Brian Thompson has sparked significant public anger toward health insurers, revealing distrust in the healthcare system.

UnitedHealth chief admits US health system does not work as well as it should'

The US health system is inadequate and needs improvement, acknowledges Andrew Witty.

19 Medical Professionals Are Sharing Stories Of Insurance Companies Failing Their Patients

The disparity in healthcare access can lead to life-threatening situations for uninsured individuals, highlighting systemic flaws in the U.S. healthcare system.

Torrent of Hate for Health Insurance Industry Follows C.E.O.'s Killing

Public reaction to Brian Thompson's death reflects deep frustration with healthcare insurance practices and a perceived lack of empathy toward industry executives.

Luigi Mangione Is America Whether We Like It Or Not

Public's reaction to Mangione demonstrates widespread anger toward the healthcare system and his emergence as a folk antihero.

The Internet's Reaction To The Killing Of A Healthcare CEO Shows How Broken The US Healthcare System Is

Public anger towards healthcare insurance companies is intensifying, driven by personal experiences of insurance denial and high costs.

UnitedHealth CEO's killing unleashes social media rage against insurers

The murder of UnitedHealthcare CEO Brian Thompson has sparked significant public anger toward health insurers, revealing distrust in the healthcare system.
morehealthcare
#violence

The Health-Care System Isn't Hopeless

The U.S. has a broken healthcare system that requires policy improvements, not vigilante actions, to address high costs and poor outcomes.

The Sense of a Killing

The murder of UnitedHealthcare CEO Brian Thompson reflects public anger toward the profit-driven healthcare system and raises questions about violence and retribution in society.

The Health-Care System Isn't Hopeless

The U.S. has a broken healthcare system that requires policy improvements, not vigilante actions, to address high costs and poor outcomes.

The Sense of a Killing

The murder of UnitedHealthcare CEO Brian Thompson reflects public anger toward the profit-driven healthcare system and raises questions about violence and retribution in society.
moreviolence
#brian-thompson

Police found cryptic notes on the shell casings from UnitedHealthcare CEO Brian Thompson's killing: 'Deny, Defend, Depose'

The CEO of UnitedHealthcare was shot, with possible motives relating to threats over insurance claim handling.

The Internet Missed the Point on Luigi Mangione

Luigi Mangione's arrest for the murder of UnitedHealthcare CEO Brian Thompson has sparked intense social media speculation and highlighted public perceptions of revenge against insurance companies.

Police found cryptic notes on the shell casings from UnitedHealthcare CEO Brian Thompson's killing: 'Deny, Defend, Depose'

The CEO of UnitedHealthcare was shot, with possible motives relating to threats over insurance claim handling.

The Internet Missed the Point on Luigi Mangione

Luigi Mangione's arrest for the murder of UnitedHealthcare CEO Brian Thompson has sparked intense social media speculation and highlighted public perceptions of revenge against insurance companies.
morebrian-thompson

Timely Lessons From A Contingent Risk Insurance Conference

Insurance and litigation finance can significantly support IP litigators in combating infringement.
The insurance market continues to evolve, presenting new opportunities for IP owners.
Attending industry conferences provides essential insights for practitioners regarding new trends and tools available.
#unitedhealthcare

Cryptic clues at the scene of the UnitedHealthcare CEO's murder have people talking about a 2010 book scrutinizing the insurance industry. Here's what it says.

The murder of UnitedHealthcare CEO Brian Thompson is linked to cryptic messages connected to insurance claim tactics.

Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend

The shooting of UnitedHealthcare CEO Brian Thompson highlights public frustration with insurers' tactics of delaying and denying claims.

Cryptic clues at the scene of the UnitedHealthcare CEO's murder have people talking about a 2010 book scrutinizing the insurance industry. Here's what it says.

The murder of UnitedHealthcare CEO Brian Thompson is linked to cryptic messages connected to insurance claim tactics.

Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend

The shooting of UnitedHealthcare CEO Brian Thompson highlights public frustration with insurers' tactics of delaying and denying claims.
moreunitedhealthcare
#consumer-protection

Attorney General James and DFS Superintendent Harris Secure $11.3 Million from Auto Insurance Companies over Data Breaches

GEICO and Travelers were penalized $11.3 million for inadequate data security, compromising the personal information of over 120,000 New Yorkers.

Insuring deliveries against porch pirates requires some surprisingly tricky math, but one founder says he's figured it out

A startup is offering insurance for package theft, with a service called PorchPals to cover losses from porch pirates.

Attorney General James and DFS Superintendent Harris Secure $11.3 Million from Auto Insurance Companies over Data Breaches

GEICO and Travelers were penalized $11.3 million for inadequate data security, compromising the personal information of over 120,000 New Yorkers.

Insuring deliveries against porch pirates requires some surprisingly tricky math, but one founder says he's figured it out

A startup is offering insurance for package theft, with a service called PorchPals to cover losses from porch pirates.
moreconsumer-protection
#fertility

Judge approves settlement in landmark LGBTQ+ fertility case

A federal judge upheld a settlement in a historic class action against Aetna, ensuring equal fertility treatment coverage for LGBTQ+ couples.

Infamous Billionaire Accused of Running Bizarre Human Birthing Scheme

Insurance tycoon Greg Lindberg allegedly ran a scheme to create a large white family by manipulating women into donating eggs and signing away parental rights.

Judge approves settlement in landmark LGBTQ+ fertility case

A federal judge upheld a settlement in a historic class action against Aetna, ensuring equal fertility treatment coverage for LGBTQ+ couples.

Infamous Billionaire Accused of Running Bizarre Human Birthing Scheme

Insurance tycoon Greg Lindberg allegedly ran a scheme to create a large white family by manipulating women into donating eggs and signing away parental rights.
morefertility

Christmas markets 'could spell financial disaster for your small business' - London Business News | Londonlovesbusiness.com

Christmas markets are ideal for small businesses to boost exposure and sales during the festive season, but insurance is crucial.

Dear Abby: I just learned that my surly mother-in-law has a policy on my life

Concerns about unauthorized life insurance policies held by a mother-in-law are justified, especially with underlying interpersonal tensions.

Debunking digital payments myths

Digital payments simplify premium collection amidst myths, enhancing agency-client relationships by offering modern, flexible payment options to meet consumer expectations.

Motorists urged to follow winter warnings - London Business News | Londonlovesbusiness.com

Winter driving poses significant hazards; preparation is key for safety, vehicle maintenance, and compliance with safety regulations.

A FIRE blogger decided to test the benefits of the popular triple-tax advantaged HSA. He explains why it wasn't worth the hassle and wants to switch health insurance plans in 2025.

Healthcare simplicity often outweighs financial incentives in individual decision-making.
The allure of HSAs can diminish due to the mental burden of managing high deductibles.
Complex healthcare costs can deter individuals from pursuing potential tax benefits.

Is Your Multi-Family Building Ready for Winter?

Brownstone Agency offers a three-year rate lock on multi-family building insurance, helping owners avoid significant annual rate hikes.

Pensioner's desperate bid to save beloved Ford Fiesta that insurer wants to destroy

Jane Clarke is fighting her insurer over the designation of her damaged car as a 'category B' write-off, valuing it more for sentimental than financial reasons.
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