Latest in California Wildfires Lay Bare an Insurance Crisis
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Families dropped by insurance struggle after losing homes in California fires
More than 100,000 homeowners in the Los Angeles area were dropped by their insurance companies before the recent wildfires broke out. Elizabeth Cook shares the story of families now struggling to ...CBS News - 5h -
California’s Insurance System Faces Crucial Test as Wildfire Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.The New York Times - 8h -
Small Businesses and Homeowners in My Hometown Are Grappling With California’s Broken Insurance Market
One business owner in Altadena, where I once lived, would love to rebuild. But all of her customers lost their homes.Inc. - 1d -
Tyler Perry knocks insurance companies over policy cancellations ahead of wildfires
Tyler Perry is ripping the "pure greed" of insurance companies for canceling homeowners' policies ahead of the devastating wildfires in California. "Watching a daughter use a garden hose to try and ...The Hill - 1d -
California fires could make this pricey travel insurance add-on more essential
Insurers have seen a rise in cancel-for-any-reason policies. Here’s what travelers should know before buying in.MarketWatch - 2d -
Congress braces for California wildfire fallout
House lawmakers are bracing for what could be a contentious battle over emergency spending in the wake of the wildfires that are tearing through Southern California — an unprecedented disaster ...The Hill - 3d -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - 4d -
Fire home insurance: What people in California should not do
If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away.ABC News - 4d -
Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
Allstate, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.CNBC - 4d -
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 - 4d -
What to know about California fires insurance claims, cancellations
Los Angeles officials provided an update for residents having to deal with insurance claims after several wildfires swept through Southern California. California Insurance Commissioner Ricardo Lara ...CBS News - 4d -
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 - 4d -
California Wildfires Lay Bare an Insurance Crisis
Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.The New York Times - 4d -
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 - 4d -
WATCH: Insurance expert on how to prepare for insurance claims amid California fires
ABC News’ Linsey Davis speaks with insurance broker Karl Susman about the difficulty of insuring homes and making fire claims in California as residents begin to survey the damage left by the fire.ABC News - 5d -
See how large the California wildfires are
See how large the wildfires have become. The Palisades Fire is already larger than the land size of Providence, Rhode Island.NBC News - 5d -
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.Wired - 5d -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - 5d -
MAGA Is Blaming DEI for the California Wildfires
Rather than months without rain or the effects of climate change, figures like Elon Musk and Donald Trump Jr. are pointing to a familiar scapegoat as entire neighborhoods burn.Wired - 5d -
State of emergency declared due to devastating California wildfires
Los Angeles remains in a state of emergency due to the deadly wildfires spreading across the county. CBS News correspondent Elisa Preston reports on the ground in Malibu.CBS News - 6d -
How weather is impacting the spread of the Southern California wildfires
Powerful Santa Ana winds, coupled with bone-dry conditions, created the perfect conditions for the wildfires that have scorched Los Angeles County this week. Downtown L.A. has received just over a ...CBS News - 6d -
WATCH: Wildfire scientist on cause of Southern California wildfires
Wildfire scientist and fire ecologist Chad Hanson discusses the factors that led to the historic and devastating Southern California wildfires and how climate change played a role.ABC News - 6d -
Several Local Landmarks Are Destroyed in Southern California Wildfires
A high school used in many films, a synagogue and several well-known restaurants are among the structures that burned, while other local landmarks are endangered.The New York Times - 6d -
Biden approves major disaster declaration for California wildfires
Multiple fires are burning in the Los Angeles area, forcing thousands to flee their homes and destroying hundreds of buildings. President Biden approved a major disaster declaration Wednesday ...CBS News - 6d -
The LA wildfires are 'worst-case scenario' for California residents
California homeowners shared video clips of the damaging flames plowing through the Pacific Palisades area as a fire continues to blaze since its start on Tuesday.ABC News - 6d -
California’s Wildfires Show No Signs of Slowing Down
As hurricane-force winds fan the most destructive wildfires in California history across bone-dry foothills, communities face the dual threat of natural forces and a warming world.Wired - 6d -
Pentagon sending assets to California to battle wildfires
The Defense Department is sending additional assets to California to assist with the massive wildfire spreading across Los Angeles and the southern part of the state. Pentagon deputy press ...The Hill - 6d -
Biden briefed on California wildfires as blazes grow
Los Angeles Fire Department Chief Kristin Crowley and other officials updated President Biden on the catastrophic wildfires spreading in Los Angeles County. CBS News chief White House correspondent ...CBS News - 6d -
Biden: Impact from California wildfires is 'astounding'
President Biden spoke after receiving a briefing from officials in California about the spreading wildfires. Biden pledged federal support for those impacted, mentioned that his sons' home may have ...NBC News - 6d -
California lawmakers monitoring LA wildfires: 'Concerned and heartbroken’
California lawmakers are offering their comfort to families shaken by ravaging wildfires in Los Angeles County that have forced thousands to evacuate after flames emerged on Tuesday morning. “We ...The Hill - 6d -
How bad is the California wildfire smoke for health?
Tens of thousands of people are evacuating Los Angeles as wildfires blaze across the region, emitting dangerous smoke. Here's how it impacts health.CBS News - 6d -
What we know about the wildfires in California
The Palisades Fire, the Eaton Fire, the Hurst Fire and the Woodley Fire are raging in Los Angeles County and thousands of California residents were forced to evacuate. Ryan Hill, a general manager ...CBS News - 6d -
Trump blames Newsom for deadly California wildfires
President-elect Donald Trump is blaming California Gov. Gavin Newsom for the wildfires that are spreading in parts of Los Angeles County. CBS News' Caitlin Huey-Burns reports.CBS News - 6d -
Eaton Fire turns deadly as wildfires spread in California
Officials say at least two people died in the Eaton Fire and they expect the number of deaths to grow as firefighters battle at least five blazes in California. Structures continue to burn as those ...CBS News - 6d -
Latest weather forecast as massive California wildfires spread
The strong winds fueling the wildfires in Los Angeles County spread quickly and led to thousands of evacuations. CBS News Los Angeles teams break down how the fires took over, and CBS News Bay Area ...CBS News - 6d -
Trump blames Newsom for California's raging wildfires
President-elect Trump blamed California Gov. Gavin Newsom (D) for the massive wildfires that are blazing through the Los Angeles area, arguing he should have signed a declaration to pump more water ...The Hill - 6d -
Wildfires in Southern California
Plus, we explain why Facebook is getting rid of fact-checking.The New York Times - 6d -
LA official on California wildfires: This is a public safety emergency
Los Angeles councilmember, Traci Park, who represents one of the areas under siege from the intense wildfires, joins TODAY to share an update and break down what people should know about the ...NBC News - 6d -
FirstFT: California declares state of emergency as wildfires rage
Also in today’s newsletter, Facebook ends third-party fact-checking, and analysts turn on Citi’s chief executiveFinancial Times - 6d -
Dangerous winds fueling California wildfires
NBC News' Chase Cain reports on the heavy smoke seen over Pacific Palisades, Calif., while meteorologist Bill Karins details the path of the strong winds.NBC News - Jan. 7