Browsing: Los Angeles

Two lawsuits filed in state court accuse over 300 insurers of conspiring to eliminate competition in the California insurance marketplace, forcing property owners to obtain fire insurance from the state’s insurer of last resort.

With 10 days remaining to apply for aid, the cleanup following the recent Los Angeles fires is progressing rapidly. Survivors of the Eaton and Palisades fires are urged to apply for assistance from FEMA and the SBA, and to complete the Right-of-Entry form for no-cost debris removal before the March 31 deadline.

Many California insurance companies commit to expedited payments for wildfire victims, but major insurers like State Farm decline, creating concerns.

Devastating Los Angeles fires exacerbate California’s insurance woes, testing the state’s plan to stabilize the market and increasing the financial strain on the insurer of last resort.

California Insurance Commissioner Ricardo Lara extends emergency protections to include homeowners in areas surrounding the Hughes Fire, offering a critical insurance boost.

The recent devastating fires in Los Angeles are expected to further strain California’s already beleaguered insurance market, raising questions about the state’s plan to stabilize coverage.