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State Farm Seeks Emergency California Rate Hike
State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
State Farm Seeks Emergency California Rate Hike After Fires
State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”
California wildfires fully contained
California Wildfire Updates: Palisades, Eaton Fires Reach Full Containment
Tuesday, 5:30 p.m. PST Los Angeles County public health officials issue closures of several miles of beach near the Palisades Fire, citing “Fire debris runoff and pollutants in the water and on the sand [that] may contain toxic or carcinogenic chemicals.”
California wildfires fully contained after month of efforts
After nearly a month of intensive efforts, the costliest wildfires in United States history have been fully contained. Beginning on Jan. 7 amid dry conditions and unusually high winds, the fires ravaged the Californian coast for weeks,
Firefighters battling deadly California wildfires reach critical milestone on road to recovery
After wreaking havoc for more than three weeks, two deadly wildfires are now 100% contained. Here’s a look back at the devastation they caused and what comes next for Southern California.
Mansion Global
9h
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
California’s insurance authority has launched an online tracking tool that shows how much money has been paid out in claims ...
41m
on MSN
Kentucky volunteer helping California wildfire victims returns home
John Sternberg, with the American Red Cross Bluegrass chapter, recently returned to central Kentucky after helping people recover from the historic massive wildfires in California. He sent aid to ...
11h
on MSN
Rain is coming to Southern California. Will it be enough to end fire season?
Two distinct systems will bring widespread light to moderate rain to Southern California: one on Tuesday into Wednesday and ...
2d
on MSN
California should expedite rules that could have helped mitigate L.A. fires, lawmakers say
Lawmakers are calling on the state to expedite rules for ember-resistant defensible space zones around homes that some ...
9h
on MSN
Los Angeles fires highlight risk of 'uninsurable future,' experts say
Jewlz and Terry Fahn make up one of thousands of Los Angeles households seeking to recover their losses after the devastation ...
11d
California Wildfire Map Update As 5 New Fires Erupt
Nine wildfires are currently burning across Southern California as of Friday morning, five of which ignited yesterday.
3d
on MSN
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
4d
NASA Satellites Show How California’s Wildfire Crisis Was Years in the Making
The largest fires started on January 7 and devastated swathes of L.A., including Pacific Palisades and Altadena. The fires ...
The Daily Signal
1h
Here’s How Senate Republicans Respond to California’s Devastating Wildfires
Senate Republicans are working to eliminate the environmental regulations they believe led to the carnage of the January Los Angeles fires.
1d
on MSN
California flood watch raises risk of mudslides days after wildfire containment
About 13 million people are under flood watches across California, where heavy rain is expected to produce flooding, ...
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