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Disaster insurance is failing homeowners. The L.A. fires can be a turning point.
Many insurance companies have stopped issuing new policies to homeowners in other vulnerable states, including Louisiana and Florida. The wildfires that have devastated large parts of Los Angeles County have drawn fresh attention to the struggles many Americans face insuring their homes.
Insurance for natural disasters is failing homeowners − I don’t have the answers, but I do know the right questions to ask
Because of the way the plan is set up, that would force other insurers – and ultimately homeowners – to make up the difference. These are tricky problems, and – speaking as an expert in insurance – I can’t say I have answers.
California fires could worsen insurance crisis
Simran Parwani/Axios The raging wildfires in L.A. County have thrust California's insurance industry back into the spotlight. Why it matters: More than a quarter of properties statewide have recently seen insurance rates rise because of wildfires or flooding.
More insurance pain possible following LA fires
Insurance premiums are already rising in Australia and destructive fires in the United States may help keep costs high.
23h
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
23h
on MSN
Is Your Term Life Insurance a Waste of Money?
Term life insurance offers affordable coverage with a significant tax-free death benefit, but most policies don't pay out.
10h
Former New China Life Insurance chairman indicted for embezzlement, taking bribes
Li Quan, former chairman of New China Life Insurance , has been indicted on charges of embezzlement and taking bribes, ...
1d
on MSN
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...
1d
Best No-Medical-Exam Life Insurance Companies
Compare the best life insurance companies for policies that don’t require a medical exam. We evaluated coverage options, ...
4h
on MSN
Comedian Bill Burr Sounds Off on Insurance Companies as L.A. Burns
Bill Burr is not afraid to call out the insurance companies who have seized the opportunity to cash in on the L.A. fires. “I ...
NBC Los Angeles
4h
Here's where insurance companies see the most risk for disasters
In the wake of the Los Angeles-area wildfires, some U.S. residents seek safety from climate-related calamities.
9h
India's HDFC Life posts Q3 profit rise on insurance boost
India's HDFC Life Insurance reported a 14% rise in third-quarter profit on Wednesday, helped by growth in the sales of retail ...
19h
on MSN
Senate Banking Republicans eye changes to key insurance program after fires
Republicans on the Senate Banking Committee are in the early stages of crafting legislation that could include changes to the ...
2d
on MSN
Tyler Perry blasts insurance companies over 'greed' amid LA fires
Amid ongoing wildfires in California, Tyler Perry took aim at insurance companies who have fled the state in recent years.
1d
Homeowners insurance on Long Island: Costs, mistakes, advice
Renters or tenants may think they're covered by landlords' insurance, but typically aren't. Renters insurance on Long Island, ...
18h
on MSN
Altadena couple whose home burnt down among thousands dropped by insurance before wildfires
The Eaton Fire that tore through Altadena, California, turned the home of Jeff and Jennifer Cohen into a shell of what it ...
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