Insurance industry stares at potential record-breaking losses from Los Angeles wildfires
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles County, with initial estimates suggesting total insured losses could reach as high as $20 billion.
How Los Angeles wildfires could affect California's home insurance market
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration of potential wildfire risks. The community also is among the areas most impacted by an unavailability of insurance coverage.
5hon MSN
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
Renters insurance can positively impact landlords by reducing their liability, protecting their policy rates and improving ...
AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while ...
With insured losses ballooning, home-insurance rates in places like Vermont and Virginia are rising, too.
As Los Angeles confronts a series of wildfires some experts say could be the most expensive in California history, the ...
Ballooning expenses for insurers and homeowners alike are most pronounced in disaster-prone areas like California and Florida ...
Watching Pacific Palisades burn, it may be hard to imagine the insurance industry thriving. But the severe weather of climate ...
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