Factbox-Insurance industry stares at potential record-breaking losses from Los Angeles wildfires
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles County, with initial estimates suggesting total insured losses could reach as high as $20 billion.
How Los Angeles wildfires could affect California's home insurance market
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration of potential wildfire risks. The community also is among the areas most impacted by an unavailability of insurance coverage.
What the Los Angeles fires might mean for the Bay Area home insurance market
The devastating wildfires burning through Los Angeles County this week are stoking concerns that California’s already faltering home insurance market could be thrown into deeper turmoil.
Los Angeles fires expose insurance shortcomings. Could startups do better?
The once hot insuretech sector fell out of favor a few years ago. Given the scope of the current disaster though, it's not clear what role the VC-backed startups could have played.
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.
US property and casualty insurers slide as Los Angeles wildfire losses mount
U.S. property and casualty insurance stocks fell in premarket trading on Friday after wildfires menacing Los Angeles killed at least 10 people and devoured nearly 10,000 structures, with five fires burning into a third night.
California Was Already in Home-Insurance Crisis Before Los Angeles Infernos
Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.
LA Wildfire Insured Losses Total Billions of Dollars, Ratings Agencies Say
The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said on Thursday, though many homes are likely uninsured. The wildfires burning in the Pacific Palisades,
Insurance industry stares at potential record-breaking losses from Los Angeles wildfires
Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes, and streets in Los Angeles County, with initial estimates suggesting total insured losses could reach as high as $20 billion.
Insurance stocks tumble as LA fires threaten record losses
Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.
Los Angeles Wildfire Economic Loss Estimates Top $50 Billion
U.S. private forecaster AccuWeather said on Wednesday that estimated damage and economic loss from the California wildfire, already one of the worst in history, is over $50 billion at a preliminary level.
Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
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How the devastating Los Angeles fires could deepen California's home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished more than 2,000 homes in Los Angeles County ...
California homeowners left without insurance ahead of wildfires
Los Angeles fire insurance expert Richard Giller joins ‘Fox & Friends’ to shed light on why some Californians were dropped by ...
Victims of the Pacific Palisades fire face another harsh reality: No insurance to rebuild
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...