L.A. Wildfires Lay Bare an Insurance Crisis

• 

  California official bans insurance cancellations, nonrenewals in wildfire-affected areas

  California's insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by devastating wildfires in and around Los Angeles. “I am using my ...
  
  The Hill - 1h

• L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

  Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.
  
  MarketWatch - 7h

• Thousands of L.A. homeowners do not have insurance amid fires

  Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business ...
  
  CBS News - 15h

• Insurers brace for losses of up to $20bn from California wildfires

  JPMorgan analysts double estimates as blazes continue to rage
  
  Financial Times - 1d
• 

  California homeowners battle an 'insurance crisis' as wildfires burn out of control

  The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...
  
  NBC News - 1d
• 

  Wildfire turns scenes of L.A. into a nightmare of burning homes and fleeing residents

  At least two people are dead, hundreds of buildings have burned and tens of thousands of Southern Californians remain under evacuation orders after fast-moving wildfires exploded in the Los Angeles ...
  
  NBC News - 1d

• Redick says family evacuated due to L.A. wildfires

  Lakers coach JJ Redick called attention to the wildfires in the Pacific Palisades, saying his family was among those forced to evacuate.
  
  ESPN - 2d

• KNBC coverage of L.A. wildfires, driven by powerful winds

  Watch live KNBC coverage as multiple wildfires are engulfing the Los Angeles area, prompting mandatory evacuations and leaving millions of people under red flag warnings.
  
  NBC News - 2d
• 

  L.A. wildfires rapidly grow with worst winds still to come

  Powerful winds whip up a fire in the coastal Pacific Palisades neighborhood of Los Angeles, forcing residents to evacuate.
  
  NBC News - 2d

More from The New York Times

• 

  Economists Are in the Wilderness. Can They Find a Way Back to Influence?

  Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.
  
  The New York Times - 7h
• 

  China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

  The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
  
  The New York Times - 4h
• 

  R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’

  R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.
  
  The New York Times - 1h
• 

  Can Low Unemployment Last Under Trump?

  Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.
  
  The New York Times - 21h
• 

  Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules

  The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.
  
  The New York Times - 17h

More in Business

• The unemployment rate for Black women fell in December, following a sharp rise

  Black women saw a decline in the unemployment rate in December, as it slipped to 5.4%. That’s an improvement from November’s rate of 5.9%.
  
  CNBC - 11m

• Bitcoin may fall 20% to $73,000 if it breaks below this key support level

  Bitcoin may face a downside potential to $73,000 if it breaks below its support level at around $90,680, according to Kim Kramer Larsson, analyst at Saxo Bank.
  
  MarketWatch - 12m

• What may happen in the aftermath of the Los Angeles fires

  The quantum-computing-stock meltdown, surging bond yields and how to decide whether or not a Roth retirement account is best for you.
  
  MarketWatch - 12m

• Airlines cancel more than 2,000 U.S. flights amid storm, Delta slide-evacuation at Atlanta

  Flight disruptions stretched from Dallas to Atlanta
  
  CNBC - 14m

• Cooking the books: Pals Donald Trump and Vince McMahon both resolve hush-money cases

  Trump was sentenced Friday to no jail time for covering up payments to women, while McMahon settled with the SEC for similarly hiding payoffs from WWE’s books.
  
  MarketWatch - 14m