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California wildfire damage raises concerns over home insurance policies

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 offers homeowners in fire areas a chance to renew 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...

Opinion | Our Insurance System Subsidizes Moves to Disaster Zones

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...

Farmers tops survey of home insurers that decline the most claims

Three of California’s largest home insurance companies declined nearly half of their claims in 2023, well above the national average, according to a ratings agency report reviewed by The Times.In a survey of national claims handled by the state’s leading home...