The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.
20hon MSN
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On ...
California Fires Have Caused Billions of Dollars in Losses. Why Insurance Stocks Have a Brighter Future. Watching Pacific ...
Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.
Key Takeaways Insurance company shares dropped as the massive wildfires in California are now estimated to have caused $135 ...
Wildfires engulfing swaths of Los Angeles are expected to be one of the nation’s costliest natural disasters, with insurers ...
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