California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.
California wildfires: does your car insurance protect you from fire damage?
Countless vehicles have been burned and will be total losses due to to the California wildfires, and whether or not they are covered depends on the owner's insurance policy.
LA blaze damage likely to be largest wildfire insured loss in US history
The Los Angeles wildfires, which have reduced entire neighborhoods to smoldering ruins and left an apocalyptic landscape, could become the costliest wildfires in U.S. history in terms of insured losses if analysts' estimates of up to $20 billion materialize.
Los Angeles fire losses could reach $30 billion for insurers
Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages,
California wildfires: Insured losses could top $30B, Wells Fargo analysis finds
Financial analysts at Wells Fargo Securities estimated that insured losses from the Southern California wildfires could exceed $30 billion based on their latest analysis.
Insured losses from LA’s fires could be upwards of $30 billion, industry trade rep says
LA's fires could be "the costliest insured loss due to wildfires in history globally," said Karen Collins of the American Property Casualty Insurance Association.
Fires in California could impact insurance rates in Massachusetts
Gavin Newsom has taken to X to share what he believes is a gotcha clip of Elon Musk being “exposed” for lying about the California wildfires. The MAGA billionaire, along with Donald Trump, has been a vocal critic of the governor’s response to the crisis.
Altadena couple whose home burnt down among thousands dropped by insurance before wildfires
The Eaton Fire that tore through Altadena, California, turned the home of Jeff and Jennifer Cohen into a shell of what it ...
Is Your Term Life Insurance a Waste of Money?
Term life insurance offers affordable coverage with a significant tax-free death benefit, but most policies don't pay out.
Live Q&A: Will Climate Disasters Topple US Insurance Markets?
Application error: a client-side exception has occurred (see the browser console for more information).
A Reckoning Is Coming For Homeowners' Insurance
It's becoming almost impossible to get homeowners' insurance in a wildfire or hurricane zone. Here's why that's a problem for ...
An investor who spent $27 million on a mansion that burned down on ‘Billionaire’s Beach’ only expects $3 million from insurance
Real estate investor Robert Rivani was planning to list the five-bedroom Malibu mansion this spring for $40 million.
India's HDFC Life posts Q3 profit rise on insurance boost
India's HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail ...
NBC Los Angeles4h
Here's where insurance companies see the most risk for disasters
In the wake of the Los Angeles-area wildfires, some U.S. residents seek safety from climate-related calamities.
Senate Banking Republicans eye changes to key insurance program after fires
Republicans on the Senate Banking Committee are in the early stages of crafting legislation that could include changes to the ...
Why car insurance prices are rising so much even though inflation is cooling
Policies were close to 13% more expensive in November compared to a year earlier, according to the Consumer Price Index.
NBC Los Angeles on MSN11h
Insurance attorney, Woolsey Fire victims offer offer advice on how to file insurance claims
To help fire victims walk through a process that may seem overwhelming, an insurance attorney and Woolsey Fire victims ...
Hosted on MSN2d
Open enrollment on Virginia’s Insurance Marketplace ends soon
The deadline to enroll in a health plan on Virginia’s Insurance Marketplace is on Wednesday, Jan. 15. Virginians who enroll ...