Some policyholders who suffered total losses in L.A. fires are not getting claims advances for their living expenses and loss of contents as required, Insurance Commissioner Ricardo Lara alleged Thursday.
A.B. 238, which would make it easy for victims of the Los Angeles County wildfires to get mortgage relief, will proceed despite voluntary agreements Gov. Newsom reached with hundreds of lenders.
After L.A. wildfires scorched 40,000 acres and 12,000 structures, Gov. Gavin Newsom suspended environmental reviews to speed up rebuilding and reduce costly delays.
Gov. Gavin Newsom (D-CA) issued an executive order prohibiting one of California’s most powerful bureaucracies from imposing regulations on Los Angeles residents working to rebuild their city ...
The legislation would permit a state government conduit issuer to sell bonds to bolster the last-resort FAIR Plan in the wake of Los Angeles-area wildfires.
INSURANCE PAYOUT: Insurance companies have already paid out $4.2 billion in claims related to the Palisades and Eaton fires, according to California’s Insurance Department. That covers only payments intended for immediate assistance, like rental housing, and not yet the cost of debris removal and rebuilding.
CalMatters reports on the alarming issue of home development in highly flammable areas in the state of California.
It’s getting tougher for Californians to get and keep fire insurance, writes Lookout politics columnist Mike Rotkin, and it’s not just people living in fire-prone, forested areas like Bonny Doon and the Santa Cruz Mountains.
At least 29 people are believed to be dead and more than a dozen others remain unaccounted for as multiple wildfires rage across Southern California.
With at least 28 lives lost, more than 12,000 structures destroyed, 80,000-plus people who were or still are under evacuation orders and damage estimates in the tens of billions of dollars, the Los An
The recent outbreak of fires in Los Angeles (LA) have amounted to an estimated economic loss of $250 billion, making it the costliest natural disaster in United States (U.S.) history. The fires first spread through neighborhoods in Pacific Palisades,
Several insurance companies have stopped offering policies in California or are refusing to renew existing ones in an effort to reduce their financial risk, according to Fox 9 New