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More homeowners are being denied insurance. 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.
These home insurance companies denied the most claims
A Los Angeles Times report on three of the largest home insurance companies in California and found that affiliates of Farmers Insurance, based in Los Angeles, denied approximately 50 percent of its claims, according to the survey.
State Farm will renew insurance for fire-affected homeowners
State Farm, one of the largest insurers in California, announced Wednesday it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week.
2h
on MSN
Waters and Sherman introduce bill to address gaps in wildfire insurance coverage
Reps. Maxine Waters and Brad Sherman reintroduce legislation that would require a study assessing the danger wildfires pose ...
1h
on MSN
UnitedHealth shares fall 5% after first earnings report since insurance CEO’s murder
Shares in the insurance provider dropped after the firm disclosed its first earnings report since the shocking assassination ...
8h
on MSN
Once prominent 155-year-old SC insurance company goes out of business. Here’s what we know
This once prominent, 155-year-old insurer based out of Columbia recently went out of business. Here are the details.
NerdWallet on MSN
1h
Wildfires Ignite Insurance Crisis: What’s Next for Californians?
California may be wooing back private insurers to high risk areas, but the state’s last-resort plan is likely to be ...
1h
How will home insurance change after LA's fires?
The fires have laid bare an " insurance crisis " in California, said The New York Times. Even before the fires, climate risks ...
1d
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.
1d
on MSN
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.
1d
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 ...
1d
Insurance for natural disasters is failing homeowners − I don’t have the answers, but I do know the right questions to ask
What are the goals of the insurance? Who is being insured? And how are policyholders and their risks classified?
8h
Indiana lawmakers contemplate slashing unemployment insurance timespan
Discussion on possible unemployment insurance cuts — and other legislation — revealed differences in opinion and didn't end ...
KRIV
3d
Insurance challenges and solutions
We all know too well, from fires to flooding and even sickness, there are a number of issues Americans are facing when it ...
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