US EditionCalifornia's insurance crisis leaves neighbors facing unequal recovery after wildfires
- California's insurance crisis is causing unequal recovery for neighbors after wildfires, as noted by Amy Bach, executive director of United Policyholders, who stated, "That’s why a lot of people call it ‘The Unfair Plan.’"
- Hamlin, a single mom, expressed that her home choice has significantly impacted her life trajectory, highlighting the emotional weight of homeownership.
- Wilson, facing uncertainty, shared his fears about potentially losing everything again, stating, "I don’t want to have to be prepared to maybe lose everything again."
- Wilson also reflected on the randomness of insurance security, saying, "I could have been dropped when Chris was dropped. Any of us could be at any time. It’s just luck, really.
34 Articles
34 Articles
California asks insurers to spare wildfire victims ‘the list’
LOS ANGELES — California’s top insurance regulator urged insurance carriers Thursday to pay policyholders the full amount of the belongings in their coverage without requiring them to itemise every object lost — an undertaking that has burdened thousands of residents whose homes were destroyed by wildfires last month.
Devastated couple claims State Farm canceled home coverage before wildfire hit: '25 years in premiums on this house'
A couple whose home burned down in the Palisades Fire had just lost their insurance coverage for the property, highlighting a situation that could become more common. What's happening? "State Farm, California's largest homeowner insurer, announced plans last year to cancel approximately 30,000 policies for homes, rental units, and other properties in the state," Newsweek reported. That included 1,626 contracts in Pacific Palisades and over 2,000…
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