Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of California April 23, 2025 By Trân Nguyen Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at...
Group Sues California Department of Insurance Over FAIR Plan Surcharges April 16, 2025 By Allen Laman A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions...
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires February 11, 2025 Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers...
Viewpoint: How Will the California FAIR Plan Fare? What’s Next for Independent Agents? February 10, 2025 By Rene Swan If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history,...
LA Neighbors See Different Post-Wildfire Rebuilding Options Due to Insurance Crisis February 7, 2025 By Sally Ho and Trân Nguyen Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other...
AM Best: Wildfires Intensifying California’s Property Insurance Troubles February 6, 2025 Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems...
Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State January 23, 2025 Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims? January 16, 2025 By L.S. Howard There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash...
Los Angeles Fires Become Existential Test for California’s Stopgap Insurer January 9, 2025 By Leslie Kaufman The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history,...
Top West Region Insurance Journal Stories of 2024 December 30, 2024 By Don Jergler Wildfires and their effect on the California’s homeowners insurance crisis dominated Insurance Journal’s West headlines this year. Other popular stories...