California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
Insurers Braced to Bail Out California State Insurer For L.A. Wildfire Losses
Insurers are estimating losses totaling billions of dollars from the Los Angeles wildfires, including assumed payments to allow for a bail out
Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit.
The $1.7 billion catastrophe loss comes out to be $1.3 billion after tax, and includes losses from both commercial and personal units. Travelers stock fell fractionally in premark
Travelers expects $1.7B in catastrophe losses from LA wildfires
The Travelers Companies (NYSE:TRV) expects catastrophe losses of $1.7 billion pre-tax ($1.3 billion after-tax) related to the January Los Angeles wildfires. The preliminary estimate includes losses from the company’s personal and commercial segments,
Travelers Sees $1.7 Billion Pretax Catastrophe Losses From California Wildfires
Travelers said it expects pretax catastrophe losses of $1.7 billion from the devastating wildfires that struck southern California in January.
Travelers Sees $1.7 Billion in Losses From California Wildfires
Travelers Cos. said it expects about $1.7 billion of pretax losses from the wildfires that devastated Los Angeles last month.
Travelers reports January catastrophe loss estimates from California wildfires
Travelers (TRV) announced a preliminary estimate of catastrophe losses related to the January 2025 California wildfires. The company’s
More than 2 million acres of local land in California designated high or very high fire danger areas
Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
California man finds 525-pound animal under his home after Los Angeles fires. The bear goes by Barry
A Southern California man returned home after evacuating last month’s devastating Los Angeles-area wildfires to discover an ...
Court filing accuses Southern California Edison of tampering with possible Eaton fire evidence
A motion filed late Monday by the law firm Edelson PC accuses Southern California Edison of not disclosing its decision to ...
Fire-ravaged Los Angeles braces for landslides as atmospheric river brings heavy rain to California
A new rain storm is bearing down on California, including fire-ravaged Los Angeles, where residents are bracing for the possibility of mudslides and landslides.
California’s insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...
Where and when rain is forecast to hit wildfire burn scar areas around Southern California
Forecasters released a breakdown Tuesday of where and when heavy rainfall this week is expected to hit areas of Southern ...
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
Santa Rosa Press Democrat1h
Mobile homes are some of California’s last affordable housing. Can they rebuild after Los Angeles fires?
Mobile home residents don't know when or if they will be able to rebuild their homes. Local, state, and federal decisions ...
Behind the staggering economic toll of the L.A. wildfires
The fires will have a deep and lasting impact on construction, entertainment, retail and other sectors of the Los Angeles ...