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.
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 ...
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their home is near a site affected by wildfires.
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
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.