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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...

The Los Angeles Fires Will Put California’s New Insurance Rules to the Test

Lloyd and his wife later bought another home in Hidden Valley Lake, a town that has taken ambitious steps to reduce flammable vegetation, but their insurance premium is still more than $4,500 a year, more than triple what it was on their last...

Insurance companies can’t afford to deny climate change; coverage scarce in most-affected areas

IE 11 is not supported. For an optimal experience visit our site on another browser.Now PlayingInsurance companies can't afford to deny climate change; coverage scarce in most-affected areas05:44UP NEXTNothing left but the memories: New imagery shows shocking extent of California fires' devastation10:57'Middle finger...

California Takes Bold Steps to Shield Homeowners from Insurance Cancellations After Wildfires

Insurance Commissioner Ricardo Lara, while serving as state senator, authored Senate Bill 824 (2018).  This important consumer protection law requires a mandatory one-year moratorium on insurance companies canceling or non-renewing residential insurance policies in certain areas within or adjacent to a fire perimeter...