More than 30,000 insurance claims have been filed after the devastating Los Angeles-area wildfires, according to the new tracker.
At least 29 people are believed to be dead and more than a dozen others remain unaccounted for as multiple wildfires rage across Southern California.
The legislation would permit a state government conduit issuer to sell bonds to bolster the last-resort FAIR Plan in the wake of Los Angeles-area wildfires.
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up providers.
Commissioner Ricardo Lara added new zip codes to his mandatory ... the costs passed on to consumers," Lara's office. The Los Angeles District Attorney's Office also announced a new rapid response ...
The recent outbreak of fires in Los Angeles (LA) have amounted to an estimated economic loss of $250 billion, making it the costliest natural disaster in United States (U.S.) history. The fires first spread through neighborhoods in Pacific Palisades,
With at least 28 lives lost, more than 12,000 structures destroyed, 80,000-plus people who were or still are under evacuation orders and damage estimates in the tens of billions of dollars, the Los An
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
The California Department of Insurance has been working on stabilizing the insurance market and on Dec. 31, Commissioner Ricardo Lara ... plays out in Los Angeles: Entire communities wiped out ...
California Insurance Commissioner Ricardo Lara speaks during a joint news conference ... wildfire survivors at the Hall of Justice in Los Angeles on Friday, Jan. 17, 2025. (Photo by Drew A.
Los Angeles County Dist. Atty. Nathan Hochman, above, is teaming with Insurance Commissioner Ricardo Lara to identify insurance fraud for people affected by the fires. (Allen J. Schaben / Los ...
For decades, California's byzantine insurance regulations effectively forced insurers to subsidize people living in wildfire-prone areas. With the recent