RALEIGH. N.C. -- Base rates for North Carolina homeowners' insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by Commissioner Mike Causey contrasts...
On top of the human tragedy they’re still inflicting, the Los Angeles wildfires are exposing a gap between what people thought their homes were worth and what they’ll actually get from insurance companies when those houses have been reduced to ash. Potentially thousands...
LAS VEGAS (KSNV) — Entire communities across the Los Angeles area have been leveled with thousands of homes destroyed as a result of the ongoing wildfires.The devastation has now raised concerns amongst many fearing the uncertainty of whether their current home insurance policies...
State Farm, the largest homeowners insurance company in California, jolted residents last year by announcing it would not renew 30,000 policies. That included about 8,100 homeowners in communities ravaged by the current wildfires, state officials said.But facing pressure after the wildfires caused catastrophic...
Fires are still raging across Los Angeles in what is shaping up to be one of the most expensive calamities on American soil, with estimates of the economic damage and losses running as high as $275 billion. Thousands of residents have lost their...