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Investor expects $3M insurance payout after spending $27M on mansion | Fortune

Rivani said no insurance company would cover the Malibu mansion for its full value, forcing him to turn to California's insurer of last resort. Source link

Private firefighters don’t just serve the rich. Here’s who else hires them

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LA fires latest disaster prompting insurers to drop coverage

Wildfires leveling parts of Los Angeles. Hurricanes devastating Florida and the Carolinas. Floods around the Passaic River, Meadowlands and Jersey Shore.Nearly half of all homes across the nation — worth almost $22 trillion — face at least one type of severe or extreme...

Woman Fights California Wildfires to Save Home After Insurance Cancelled

After their fire insurance was cancelled, a 62-year-old woman fought off the Eaton fire to save her 90-year-old parents' home.The ContextWildfires have ravaged Southern California this past week. The Eaton fire in the Altadena and Pasadena areas started on Tuesday and has burned...

Insurance commissioner halts policy cancellations in fire zones

California Insurance Commissioner Ricardo Lara has issued a moratorium that bars insurers from canceling or non-renewing home policies in the Pacific Palisades and the San Gabriel Valley’s Eaton fire zones.The moratorium, issued Thursday, protects homeowners living within the perimeter of the fire...