Allstate Expects California Wildfires to Cost $1.1 Billion
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners insurance business, up from $21 million the year before.
Southern California wildfires expected to cost billions
It's estimated the damage from the Southern California wildfires will cost up to $45 billion to remedy. That's according to two analytic firms, Verisk and CoreLogic, which calculated property losses covered by insurance in the Palisades and Eaton fires.
State Farm Asks for 'Emergency Hike' in Rates Due to Southern California Wildfires
The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for renters and condominium owners, and up to 38% for rental dwellings. Non-tenant homeowners are investors who don’t live in the property they own.
Will Southern California's wildfires drive up Arizona homeowners insurance rates?
Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance costs skyrocketed more than 62%.
Allstate Expects $1.1 Billion of Losses From Los Angeles Fires
Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.
California's largest home insurer wants to hike rates by 22% for homeowners to help pay for LA's wildfires
State Farm has asked the state's insurance commissioner for approval to increase premiums on homeowners, citing financial challenges.
State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
The climate science behind the Southern California firestorm
NBC News’ Al Roker sits down with climate scientist Alexander Gershunov to explain the climate drivers that helped fuel the ...
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
House members from LA want pollutants from Southern California wildfires tracked
Reps. Laura Friedman, D-Burbank, and Judy Chu, D-Pasadena, were joined by Reps. Brad Sherman, D-Sherman Oaks, and George ...
Southern California wildfires surge — as region hopes for first widespread rain in months
Southern California is grappling with a surge in wildfires, with nine active fires currently burning across the region.
Their businesses were destroyed by the Southern California wildfires. They’re now seeing an outpouring of support, thanks to the Grammys.
Their businesses were destroyed by the Southern California wildfires. They’re now seeing an outpouring of support, thanks to ...
Pacific Coast Highway reopens nearly a month after devastating Southern California wildfires
The Pacific Coast Highway is back open in Malibu, California, nearly a month after the deadly Palisades Fire ripped through ...
USA TODAY on MSN11d
Good news for Southern California wildfires: Rain in forecast (but there's a catch)
If the rain falls at a steady, lighter rate, Southern California could be in good shape. That could mean enough rain to help ...
Heavy rain and landslides force road closures across California as another round of rainfall is on the way
California remains in the grip of an unrelenting atmospheric river delivering record-breaking rainfall, heavy mountain snow ...
Rain douses wildfires in Southern California without causing serious mudslides
Rain is easing after Southern California’s first significant storm of the season brought weekend downpours that aided ...