LA Wildfires Had Little Impact on Reinsurer Risk Appetite During April Renewals April 10, 2025 By L.S. Howard Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for U.S. reinsurance buyers, despite the record losses...
Tariffs Threaten to Push US Home Insurance Rates Even Higher April 8, 2025 By Leslie Kaufman With the Los Angeles fires in January and last week’s severe storms that brought flooding and tornadoes to the Midwest,...
Half of Homeowners Fear Losing Insurance as Costs Rise, Survey Shows April 7, 2025 Half of homeowners worry their homes will be uninsurable in the future, a new survey shows. The results of a...
State Farm Has Paid $2.5 Billion in Claims for LA Wildfires March 28, 2025 By Don Jergler State Farm has reported paying out $2.5 billion for the Los Angeles wildfires in January, more than double what the...
State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software March 28, 2025 By Andrew G. Simpson A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm...
New Fire Maps Put Nearly 4M Californians in Hazardous Zones March 26, 2025 By Ben Christopher New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield....
Lawsuit: Downed Municipal Power Lines May Have Caused LA’s Palisades Fire March 25, 2025 By Rhea Rose Abraham, Shubham Kalia and Laila Kearney Several residents of Los Angeles who were affected by the deadly Palisades wildfire sued city authorities over claims that municipal...
1-in-7 U.S Homeowners Uninsured, Report Shows March 24, 2025 Nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured, a new...
The Evolution of Homeowners Insurance in California—From Niche to Necessity March 18, 2025 By Mikhail Gorshunov For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental,...
Next Round of Inspections in LA Fire Expected Next Week, Edison CEO Says March 14, 2025 By Laila Kearney Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to...