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California Asks Insurers to Spare Wildfire Victims ‘the List’
The state’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in their destroyed homes.
Best's Commentary: Wildfires Intensify Troubles in California's Property Insurance Market
In a new commentary, AM Best notes that policyholders in California had increasingly turned to the state's insurer of last resort and nonadmitted market for homeowners' coverage prior to the wildfires due to reduced availability from primary insurers.
California's 'Regulatory Failure' Blamed for Wildfire Insurance Disaster
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy Wallace told Newsweek.
California Wildfires: Rebuilding Amidst Insurance Woes
As California grapples with the aftermath of devastating wildfires, residents like Chris Wilson face the daunting task of rebuilding their lives with insufficient insurance coverage. After being dropped by his private insurer,
13h
Understanding Life Insurance: How To Avoid Costly Mistakes
Life insurance is one of the most powerful financial tools available, yet many people misunderstand its benefits, costs, and ...
1d
on MSN
LA neighbors have vastly different post-wildfire rebuilding options due to insurance crisis
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
18h
on MSN
Tariffs Could Lead to Higher Insurance Prices for U.S. Consumers, Businesses
Americans don’t import insurance from Canada, Mexico or China, but it could nonetheless get more expensive for consumers and ...
15h
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
The post Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims appeared first ...
1d
on MSN
What to know about home insurance coverage after a major natural disaster
It’s one thing to fix your home after something basic has gone wrong, but it’s a different beast to rebuild and recover after ...
2d
on MSN
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California ...
20h
Where Insurance Premiums Are Rising Across US
In 2024, there were 27 individual weather and climate disasters with at least $1 billion in damages, according to NOAA.
1d
What is title insurance, and do homebuyers need it?
Owner’s title insurance is an optional separate policy serving to shield the buyer from any ownership claims. It’s typically ...
15h
Healey is promising businesses relief on costly unemployment insurance. Don’t count on it.
Governor Maura Healey last month promised business leaders that she’d work to overhaul the money pit that is the state’s ...
Asian News International on MSN
1d
Best Term Insurance Plan for Rs 1 Crore: Features and Benefits
Among those, the most uncomplicated and successful financial tool one can have in securing the future of his dearest family ...
10h
Nearly 40% of restaurant owners lack business insurance coverage for extreme weather
NEXT shares findings from its survey of 1,500 restaurant owners across the U.S. about their weather-related preparedness and ...
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