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Wildfires in California: Will insurance companies cover the cost?

  • Thousands of homeowners in Southern California are filing insurance claims after devastating wildfires in Altadena and Pacific Palisades.
  • The California Department of Insurance announced a moratorium preventing insurance companies from canceling or not renewing policies for affected homeowners for one year.
  • State Farm and Allstate have halted new policies in the affected areas, worsening insurance availability issues, according to real estate broker Dan Scordino.
  • Tyler Perry criticized insurance companies for their actions during the crisis, stating it is appalling that they can cancel policies after profiting from communities for years.
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Bias Distribution

  • 43% of the sources lean Left, 43% of the sources lean Right
43% Right
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Sources are mostly out of (0)