Latest in Insurer Chubb puts a price tag on its share of L.A. wildfire woes
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Chubb's Evan Greenberg says insurer just had the best year in its history
"While we're in the risk business ... we're confident in our ability to continue growing operating earnings and EPS at a double-digit rate," the CEO said.CNBC - 23h -
Insurer Chubb puts a price tag on its share of L.A. wildfire woes
Insurer Chubb Ltd. has estimated its costs related to the Los Angeles fires to be around $1.5 billion before taxes.MarketWatch - 1d -
Dubai's ceaseless boom is putting strains on its residents
Skyscraper-studded Dubai has been on a hot streak for the last five years — and some are starting to get burnedABC News - 3d -
As wildfire damage climbs to $40 billion, homeowners face higher insurance costs
S&P Global expects home insurance rates to be ‘heavily impacted’ by LA wildfiresMarketWatch - 6d -
California AG: It would be 'great mistake' to put conditions on wildfire aid
California Attorney General Rob Bonta (D) said in an interview that it would be a “great mistake” to put conditions on federal disaster aid for victims of the ravaging wildfires. “I respectfully ...The Hill - 6d -
Insurers Were Right About California’s Wildfires
Regulators in California made it difficult for insurers to raise rates despite increasing risks. So the insurers stopped writing policies, which is logical. But they’ll get blamed and shamed anyway.Inc. - Jan. 21 -
When Google Altered Its Ad Rules, Charities Paid the Price
After the search giant welcomed more ads from small rivals like Ask.com, Google ad costs for some nonprofits ballooned.The New York Times - Jan. 21 -
First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the L.A. wildfire.NBC News - Jan. 19 -
Celtics reportedly to have at least four bidders for franchise, price tag to exceed $6 billion
If one were trying to up the price during the first round of bidding for the team, one would leak this.Yahoo Sports - Jan. 19 -
Angelenos Struggle to Find Housing Amid L.A. Wildfires
Over 10,000 structures Pacific Palisades and Altadena are destroyed by the wildfires.Inc. - Jan. 19 -
Architectural losses from the L.A. wildfires
Thousands of structures were destroyed in the Los Angeles wildfires, including some architectural and historic landmarks. "Sunday Morning" looks at some of the treasures lost.CBS News - Jan. 19 -
LA wildfires thrust insurance startup into spotlight as property owners scramble for protection
A month after announcing its first funding round and debut insurance product, Stand is seeing a huge surge in interest due to the LA wildfires.CNBC - Jan. 19 -
Inmates Tackle L.A. Wildfires for Under $30 a Day
Over 1,000 inmates have been working to combat the L.A. wildfires.Inc. - Jan. 18 -
How the L.A. wildfires are impacting NASA research
Cooler temperatures are helping firefighters make progress against the deadly wildfires in Los Angeles County. The blazes have killed dozens and shuttered schools, workplaces and more. It's also ...CBS News - Jan. 18 -
More homeowners are being denied insurance. The L.A. fires can be a turning point.
Government should focus on these 3 questions to help find solutions.MarketWatch - Jan. 18 -
L.A. landlords accused of price gouging say they’re responding to unprecedented demand from wealthy wildfire victims
Some landlords lowered rents after MarketWatch asked about increases that appeared to violate laws against price gouging.MarketWatch - Jan. 18 -
L.A. area winds weaken as wildfires burn
The Palisades and Eaton Fires have now burned nearly 40,000 acres. Weakening winds offer reprieve for fire crews as they continue to battle the deadly wildfires. CBS News' Jonathan Vigliotti has more.CBS News - Jan. 16 -
L.A. officials under scrutiny over wildfire preparedness
As tens of thousands of Los Angeles County residents remain under evacuation orders, and crews battle destructive wildfires, local officials have come under scrutiny for how prepared they were to ...CBS News - Jan. 15 -
Wildfires in L.A.: Where Small-Business Owners Can Find Aid, Even If Insurers Are Squeezed
Despite insurers’ retrenchment in California, the onus is still on them to make their claimants whole, an insurance industry watchdog says.Inc. - Jan. 15 -
Top 3 drug insurers reaped billions as their drug middlemen inflated prices, FTC alleges
Regulators published their most detailed findings yet on how some of the nation’s largest companies profited from ‘excess’ prescription price hikes of 1,000% or more.NBC News - Jan. 14 -
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 - Jan. 14 -
Hollywood’s Filmmaking Continues Despite L.A. Wildfires
Because of costs, few movies are shot locally, leaving the industry in a surreal spot: reeling from personal loss with much of the business untouched.The New York Times - Jan. 14 -
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 - Jan. 13 -
Are arsonists responsible for the L.A. wildfires?
Fire investigators are working to determine whether the Los Angeles blazes were the result of an intentional act, an accident or damaged utility lines.NBC News - Jan. 13 -
L.A. wildfires still largely uncontained
Nearly a week since wildfires first erupted in Los Angeles County, the scope of the disaster has become shockingly clear: At least 16 deaths, more than 12,000 homes and structures destroyed, and ...CBS News - Jan. 12 -
L.A. fire victims cautioned to view insurance claims process as 'business transaction'
Southern California residents facing losses from this week’s Los Angeles-area fires are beginning to confront their next challenge: filing an insurance claim.NBC News - Jan. 11 -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - Jan. 10 -
California Fires Lead to Prices Hikes on Some L.A. Rentals
Despite a law against price gouging during a state of emergency, some rental listings have shot up above the allowable 10 percent overnight.The New York Times - Jan. 10 -
The Evacuation App That’s Saving Lives in the L.A. Wildfires
Government agencies were slow to adapt Genasys Protect, created by two tech industry veterans at the request of a fire chief. But the app, which guides people to safety, has proved its value.Inc. - Jan. 10 -
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 - Jan. 10 -
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 - Jan. 10 -
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 - Jan. 10 -
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 - Jan. 10 -
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 - Jan. 9 -
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 - Jan. 9 -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - Jan. 9 -
Shares of California utility Edison International drop 10% as wildfires rage
The decline comes as multiple large fires are burning around Los Angeles, with strong winds making them difficult to contain.CNBC - Jan. 8 -
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 - Jan. 8 -
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 - Jan. 7 -
AI Hardware Is in Its ‘Put Up or Shut Up’ Era
This week at CES, companies of all sizes will show off all their new AI-enabled gadgets. Here’s hoping they don’t all just do stuff your phone already excels at.Wired - Jan. 5
