The wildfires scorching Southern California are turning entire neighborhoods into ash, decimating expensive properties and exacerbating an insurance crisis that predates the infernal blazes.  Costs are quickly mounting as the Los Angeles area’s disaster continues to unfold, with AccuWeather's Global Weather Center now estimating total economic damages of between $250 billion and $275 billion. The insurance sector alone is expected to incur about…

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New insurance rules mean homeowners throughout California are likely to pay more after fires

A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

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New insurance rules mean homeowners throughout California likely to pay more after fires

By Chris Isidore, CNN New York (CNN) — A recent rule change could cause insurance premiums to spike for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past. The hikes would come from a potential assessment likely to be levied by California FAIR, the program set up by the state as the insurer of last resort for homeowners whose fire insurance has been canceled…

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By Chris Isidore, CNN A recent rule change could mean higher insurance premiums for California homeowners as the costs of damage from the Los Angeles-area wildfires are passed on to them in a way that was not allowed in the past. The increases would come from a potential levy likely to be imposed by California FAIR, the program created by the state as an insurer of last resort for homeowners whose fire insurance has been canceled by companies se…

Por Chris Isidore, CNN Un cambio reciente en la normativa podría suponer un aumento de las primas de seguros para los propietarios de viviendas en California, a medida que los costos de los daños causados por los incendios forestales de la zona de Los Ángeles se trasladan a ellos de una manera que no estaba permitida en el pasado. Los aumentos procederían de un posible gravamen que probablemente impondría California FAIR, el programa creado por …

Las nuevas normas sobre seguros exigen que los propietarios de viviendas en California paguen más tras los incendios

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New insurance rules require California homeowners to pay more after wildfires

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How California's catastrophic wildfires are inflaming the state's insurance crisis

Thousands of acres have been burned in Los Angeles, and the burn scars could flood easily should a moisture-laden storm hit.

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Atmospheric rivers may get worse after California wildfires

Before the Los Angeles wildfires, insurers such as State Farm started to pull out of fire-prone California.

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LA wildfires: Is insurance the next battlefront for California residents?

Those who are planning trips out west might consider travel insurance to protect them from the impact of fires or other natural disasters.

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Southern California wildfires impact on travel insurance

According to experts, the devastating wildfires in California could impact the insurance industry and possibly affect coverage in other states.

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Experts explain how California wildfires could impact insurance in other states

"It was looking bleak before this, and this disaster will likely only exacerbate the public's opinion of insurance companies."View Entire Post ›

How California's catastrophic wildfires are inflaming the state's insurance crisis

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