Mercury Expects to Lose $1.6B to $2B From LA Wildfires February 13, 2025 By Susanne Sclafane Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation...
Edison Utility Faces Shareholder Lawsuit Over LA Wildfires February 12, 2025 By Jonathan Stempel The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires...
Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant February 10, 2025 By Trân Nguyen As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order...
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,...
AccuWeather: Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm February 7, 2025 Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in...
Edison Probing Retired Power Line as Possible Start of LA Eaton Fire February 7, 2025 By Mark Chediak Edison International’s utility is looking at whether a power line retired in 1971 started the Eaton wildfire as part of...
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...
Inside the LA Fire Cleanup’s Rush to Remove Tons of Toxic Rubble February 6, 2025 By Todd Woody Removing toxic waste from the foothills and coastal canyons where more than 16,000 homes and businesses burned down in the...
Startup Accused of Gouging LA Fire Victims on Rent February 6, 2025 By Robert Burnson and John Gittelsohn A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one...
USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires February 5, 2025 By Don Jergler USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report...