#insurance-crisis

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#california-fires

Will California insurance reforms be enough to stop insurers from leaving?

California is facing an increasing crisis in homeowners insurance exacerbated by recent fires, with fears of insurers withdrawing from the market.

CoreLogic puts property damage from two fires at up to $45B

Wildfire destruction in California is leading to unprecedented costs and impacts on insurance.
Increasing home density near wildlife areas poses a significant risk for future fires.
Rebuilding efforts must prioritize mitigation practices to prevent future disasters.

The little-known way some insurers try to stay ahead of wildfires

Insurance companies are hiring private firms for proactive wildfire protection of properties, utilizing strategies like fire-blocking gels and gutter cleaning.

Will California insurance reforms be enough to stop insurers from leaving?

California is facing an increasing crisis in homeowners insurance exacerbated by recent fires, with fears of insurers withdrawing from the market.

CoreLogic puts property damage from two fires at up to $45B

Wildfire destruction in California is leading to unprecedented costs and impacts on insurance.
Increasing home density near wildlife areas poses a significant risk for future fires.
Rebuilding efforts must prioritize mitigation practices to prevent future disasters.

The little-known way some insurers try to stay ahead of wildfires

Insurance companies are hiring private firms for proactive wildfire protection of properties, utilizing strategies like fire-blocking gels and gutter cleaning.
morecalifornia-fires
#wildfires

How climate change is reshaping home insurance in California and the rest of the U.S.

Wildfires in Los Angeles could lead to unprecedented insurance rate increases due to escalating climate change costs. Their total destruction could reach $275 billion.

Thousands Remain Evacuated As Wildfires Scorch LA County | KQED

Destructive fires in Los Angeles have led to widespread evacuations and significant destruction, marking a severe natural disaster for the region.

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

California's insurance crisis is exacerbated by ongoing wildfires, leading to a significant increase in reliance on the FAIR Plan for homeowners.

California Wildfires Intensify Pivotal Moment for Insurance Industry

The LA wildfires could lead to $10 billion in losses, exacerbating an already strained insurance market.

The California Fires Will Test The Severity Of The State's Insurance Crisis

California is facing an insurance crisis exacerbated by wildfires, with many insurers limiting coverage in high-risk areas.

California Mountain Towns Are Too Risky for Insurers, but Residents Want to Stay

The San Bernardino Mountains face severe risks from climate change, impacting both residents and the insurance market dramatically.

How climate change is reshaping home insurance in California and the rest of the U.S.

Wildfires in Los Angeles could lead to unprecedented insurance rate increases due to escalating climate change costs. Their total destruction could reach $275 billion.

Thousands Remain Evacuated As Wildfires Scorch LA County | KQED

Destructive fires in Los Angeles have led to widespread evacuations and significant destruction, marking a severe natural disaster for the region.

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

California's insurance crisis is exacerbated by ongoing wildfires, leading to a significant increase in reliance on the FAIR Plan for homeowners.

California Wildfires Intensify Pivotal Moment for Insurance Industry

The LA wildfires could lead to $10 billion in losses, exacerbating an already strained insurance market.

The California Fires Will Test The Severity Of The State's Insurance Crisis

California is facing an insurance crisis exacerbated by wildfires, with many insurers limiting coverage in high-risk areas.

California Mountain Towns Are Too Risky for Insurers, but Residents Want to Stay

The San Bernardino Mountains face severe risks from climate change, impacting both residents and the insurance market dramatically.
morewildfires

BI Today: RTO drama

The recent fires in Los Angeles are worsening the California insurance crisis.
The return to office debate shows challenges for companies in implementing workplace policies.
Meta's content moderation shifts reflect political strategy under pressure.
Amazon faces operational challenges in its return-to-office efforts.
#california-wildfires

Early estimates predict $57B in damages from California fires; National Guard called in amid looting

Southern California wildfires have devastated large areas, destroying homes and infrastructure, while challenges include water shortages and potential insurance crises.

Devastating L.A. wildfires could impact California's home insurance market. Here's how

California's wildfires challenge the state's insurance stability, increasing costs and unavailability of coverage, particularly in high-risk areas like Pacific Palisades.

LA Fires Could Drive Up Insurance Premiums and Test New CA Rules

California's wildfires threaten to create the costliest insurance crisis in the state's history, exacerbating the financial burdens on insurers.

LA Residents Are Losing Their Fire Insurance-Leading One to Fight the Flames Herself

The ongoing insurance crisis in California is exacerbated by recent fires, leaving many homeowners without coverage.

Early estimates predict $57B in damages from California fires; National Guard called in amid looting

Southern California wildfires have devastated large areas, destroying homes and infrastructure, while challenges include water shortages and potential insurance crises.

Devastating L.A. wildfires could impact California's home insurance market. Here's how

California's wildfires challenge the state's insurance stability, increasing costs and unavailability of coverage, particularly in high-risk areas like Pacific Palisades.

LA Fires Could Drive Up Insurance Premiums and Test New CA Rules

California's wildfires threaten to create the costliest insurance crisis in the state's history, exacerbating the financial burdens on insurers.

LA Residents Are Losing Their Fire Insurance-Leading One to Fight the Flames Herself

The ongoing insurance crisis in California is exacerbated by recent fires, leaving many homeowners without coverage.
morecalifornia-wildfires
#homeownership

How the Climate Crisis Became an Insurance Crisis

Climate change is inadvertently making the home insurance industry unsustainable, signaling an impending crisis that impacts homeownership and the broader economy.

The hurricanes have passed, but anxiety lingers. 3 Florida homeowners shared what keeps them up at night.

Florida's housing market is experiencing a decline in pending home sales due to recent hurricanes, compounding existing financial pressures on homeowners.

How the Climate Crisis Became an Insurance Crisis

Climate change is inadvertently making the home insurance industry unsustainable, signaling an impending crisis that impacts homeownership and the broader economy.

The hurricanes have passed, but anxiety lingers. 3 Florida homeowners shared what keeps them up at night.

Florida's housing market is experiencing a decline in pending home sales due to recent hurricanes, compounding existing financial pressures on homeowners.
morehomeownership

No surprise Americans are rooting for' the UnitedHealthcare CEO's killer

The U.S. healthcare system's dysfunction is highlighted by the reaction to UnitedHealthcare CEO's murder, reflecting wider public dissatisfaction.
#california

Thousands of foster kids in California could lose their homes amid insurance crisis

Rising insurance costs threaten the stability of foster care agencies and potentially uproot thousands of foster children in California.

Secret negotiations heat up in Sacramento as budget, ballot deadlines loom

Political leaders in California are privately discussing how to solve the homeowners insurance crisis, circumventing public involvement and open meetings laws.

'Is that true?': CA's top insurance boss responds to criticism he's 'misrepresenting' reform plan

California's Insurance Commissioner promises significant coverage expansion in fire-prone areas, but skepticism arises regarding commitment to policyholders versus insurers.

Coverage shrinks, premiums skyrocket as wildfire risk hits OC multifamily complex

Laguna Village faces a severe insurance crisis due to rising wildfire risks, resulting in drastic coverage cuts and soaring premiums.

Upscale Westside L.A. neighborhoods hit hard by State Farm home insurance cancellations

Thousands of homeowners in upscale neighborhoods in Los Angeles County will lose their home insurance coverage from State Farm.
State Farm's decision to drop policies stems from financial concerns due to high inflation and the company's need to reduce exposure.

Thousands of foster kids in California could lose their homes amid insurance crisis

Rising insurance costs threaten the stability of foster care agencies and potentially uproot thousands of foster children in California.

Secret negotiations heat up in Sacramento as budget, ballot deadlines loom

Political leaders in California are privately discussing how to solve the homeowners insurance crisis, circumventing public involvement and open meetings laws.

'Is that true?': CA's top insurance boss responds to criticism he's 'misrepresenting' reform plan

California's Insurance Commissioner promises significant coverage expansion in fire-prone areas, but skepticism arises regarding commitment to policyholders versus insurers.

Coverage shrinks, premiums skyrocket as wildfire risk hits OC multifamily complex

Laguna Village faces a severe insurance crisis due to rising wildfire risks, resulting in drastic coverage cuts and soaring premiums.

Upscale Westside L.A. neighborhoods hit hard by State Farm home insurance cancellations

Thousands of homeowners in upscale neighborhoods in Los Angeles County will lose their home insurance coverage from State Farm.
State Farm's decision to drop policies stems from financial concerns due to high inflation and the company's need to reduce exposure.
morecalifornia
#climate-risk

Home Insurance Kills the Deal for Some California Buyers

California's insurance crisis is hindering home purchases, with many buyers unable to secure coverage, forcing them to abandon their property searches.

Home listings now come with their climate risks-and the results are terrifying

Zillow now marks listings with climate risks, reflecting growing concerns about housing safety and market stability due to extreme weather.

Home Insurance Kills the Deal for Some California Buyers

California's insurance crisis is hindering home purchases, with many buyers unable to secure coverage, forcing them to abandon their property searches.

Home listings now come with their climate risks-and the results are terrifying

Zillow now marks listings with climate risks, reflecting growing concerns about housing safety and market stability due to extreme weather.
moreclimate-risk
#climate-change

The Climate Question the Next President Will Have to Answer

Candidates failed to present concrete plans to address extreme weather and climate change impacting Americans.

Why Insurance Rates for New York Property Owners Are Soaring

Soaring insurance costs and limited options are straining property owners, pushing them to make frequent financial assessments to cover rising expenses.

As Florida Floods, Insurance Industry Reaps What It Sowed Backing Fossil Fuels

Hurricane Helene exemplifies the costly clash between the insurance industry and climate change-induced extreme weather events.

The Climate Question the Next President Will Have to Answer

Candidates failed to present concrete plans to address extreme weather and climate change impacting Americans.

Why Insurance Rates for New York Property Owners Are Soaring

Soaring insurance costs and limited options are straining property owners, pushing them to make frequent financial assessments to cover rising expenses.

As Florida Floods, Insurance Industry Reaps What It Sowed Backing Fossil Fuels

Hurricane Helene exemplifies the costly clash between the insurance industry and climate change-induced extreme weather events.
moreclimate-change

Back-to-back Florida hurricanes signal trouble for home insurance prices nationwide

Back-to-back hurricanes in Florida are likely to drive home insurance rates higher, both in Florida and potentially nationwide.
#natural-disasters

San Mateo County calls on Newsom to declare state of emergency over insurance crisis

Urgent call for a state of emergency in California's home insurance market due to rising costs and reduced availability.

Francine Arrives in a Region With Painful Memories of Past Storms

Hurricane Francine evokes fear in Louisiana residents due to its similarity to the destructive path of Hurricane Ida, which left lasting damage.

San Mateo County calls on Newsom to declare state of emergency over insurance crisis

Urgent call for a state of emergency in California's home insurance market due to rising costs and reduced availability.

Francine Arrives in a Region With Painful Memories of Past Storms

Hurricane Francine evokes fear in Louisiana residents due to its similarity to the destructive path of Hurricane Ida, which left lasting damage.
morenatural-disasters

Questions raised about failed bills aiming to hold CA insurance industry accountable

California's insurance crisis worsens as consumers face skyrocketing rates and reduced options due to insurers withdrawing from the market.

Uninsurable homes are selling for all cash at a deep discount

The housing market is becoming increasingly divided due to rising insurance costs and mortgage denials, affecting primarily low-income homeowners.

I'm 45, living in Florida, and my property insurance has skyrocketed - should I move?

Homeowners like Greg are facing severe financial strain due to skyrocketing property insurance premiums in Florida.
The increase in hurricanes and insurance fraud is driving premium costs up.

Opinion: Affordable housing falls victim to California's insurance crisis

State Farm stopped issuing new policies in California, impacting affordable housing
Rising insurance costs pose an existential threat to nonprofit housing organizations in California
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