Reps. Maxine Waters and Brad Sherman reintroduce legislation that would require a study assessing the danger wildfires pose and the market for homeowners' insurance.

Los Angeles Times

Los Angeles

Los Angeles County

California

United States

Waters and Sherman introduce bill to address gaps in wildfire insurance coverage

Asip Memishi's family pleaded with him to leave as he prepared to defend his pub from bushfire in Victoria's Grampians. He knew if it burned, he wouldn't be able to rebuild.

Media Bias/Fact Check

ABC Australia

Australian Government

Australia

Pub owner's plans turn to misery as insurers deny bushfire coverage

Ad Fontes Media

All Sides

Patrick Soon-Shiong

California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as wildfires continued to ravage the region.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

California Adds More ZIP Codes to Insurance-Cancellation Ban

The devastating wildfires that are sweeping Los Angeles could push home insurance companies to leave California, despite new regulations meant to keep them, according to a report, citing the state’s former top insurance official.

Firstpost News

Mukesh Ambani

Mumbai

Maharashtra

India

LA wildfires may accelerate flight of home insurance companies

Two California representatives in Washington are trying to combat the state’s home insurance crisis that has left many residents without coverage as wildfires tear through the Los Angeles area. Reps. Maxine Waters (D-Los Angeles) and Brad Sherman (D-Sherman Oaks) reintroduced on Thursday the Wildfire Insurance Coverage Study Act, which calls for an assessment of the home insurance market in communities with high wildfire risk. The bill easily pa…

DNyuz

Waters and Sherman introduce bill to address gaps in wildfire insurance coverage
Two California representatives in Washington are trying to combat the state’s home insurance crisis that has left many residents without coverage as wildfires tear through the Los Angeles area.
Reps. Maxine Waters…

BizToc

Sasha Abramsky 
California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made. The post The Insurance Crisis Looming in California as the Wildfires Burn appeared first on The Nation.

The Nation

The Nation Company, L.P.

Washington

District of Columbia

The Insurance Crisis Looming in California as the Wildfires Burn

California homeowners may face unexpected costs due to a recent change in insurance rules, following the devastating Los Angeles wildfires, according to a Wall Street Journal report. The crisis stems from major insurers retreating from California’s market, with more than half of the state’s largest home insurance companies halting or limiting new policies due to concerns about wildfire risks and insufficient regulated rates. Fair Plan Transforms…

GV Wire

Insurance Rule Change Shifts Wildfire Costs to California Consumers

California wildfires push home insurance to the brink: Will homes remain insurable? Wildfires in California are causing a crisis in

altnews.org

California wildfires push home insurance to the brink: Will homes remain insurable? – altnews.org

Waters and Sherman introduce bill to address gaps in wildfire insurance coverage

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