Latest in The end of insurance: Climate change is destroying homeowners and insurers
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The end of insurance: Climate change is destroying homeowners and insurers
Traditional insurance models aren’t able to handle escalating natural disaster risks.MarketWatch - 2h -
Wealth divide will steepen as climate change spikes insurance costs, report finds
Climbing temperatures are sharpening economic divides in American communities, a new report has found. Rising insurance rates are increasingly making broad swaths of the country's biggest cities ...The Hill - 1d -
Why the home insurance model is broken
Wildfires ripped through Southern California this month leaving more than 16,000 structures destroyed and insurers facing $40 billion in payouts.CNBC - Jan. 27 -
Climate catastrophes call for state intervention on insurance
More public-private partnerships are the only viable model for a decent societyFinancial Times - Jan. 27 -
UK insurers set for record £70bn of pension transactions
Pension consultants WTW says improved funding positions have made bulk annuity deals more attractiveFinancial Times - Jan. 27 -
California Senate Insurance Committee still without leader amid corruption probe, insurance crisis
As California faces the largest insurance crisis in the state's history, there is still no leader of the state Senate Insurance Committee. Half committee members are new to the committee, the ...CBS News - Jan. 24 -
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 - Jan. 24 -
‘Cancel culture’ insurance offers respite to panicking celebrities
Policy includes 24/7 hotline and 60-day plan to manage negative media coverageFinancial Times - Jan. 24 -
Beijing tells insurers to buy more Chinese stocks
Equities rally as authorities set explicit investment targets for mutual funds and state-owned insurance companiesFinancial Times - Jan. 23 -
Will Zalatoris a late withdrawal from Farmers Insurance Open
The field for the Farmers Insurance Open took another hit Wednesday when Will Zalatoris withdrew.Yahoo Sports - Jan. 22 -
What's covered under home insurance and what's not
Home insurance can help protect your home from disaster damage, but policy details may vary.CBS News - Jan. 22 -
Flow Specialty launches the 1st AI insurance broker
Flow Specialty, a specialty commercial brokerage, is announcing the industry’s first AI insurance broker. The brokerage’s platformless AI model has passed RPLU certification exams for the Cyber, ...VentureBeat - Jan. 22 -
How to insure physical gold
Insuring your gold can help protect this critical investment. Here's how to do it.CBS News - Jan. 22 -
Here's how climate change is reshaping home insurance costs in California — and the rest of the U.S.
Even for homeowners outside of California, worsening extreme weather means higher insurance rates.CNBC - Jan. 22 -
US homeowners in disaster-prone states face soaring insurance costs
Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies. Homeowners in the United States are facing an enormous financial crunch due to the ...The Guardian - Jan. 22 -
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 -
Comprehensive vs. collision auto insurance: What's the difference?
These coverages can protect your vehicle, but they're not always required — or necessary. Here's what to consider.CBS News - 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 -
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 -
Home insurance costs soaring as climate-related events surge, Treasury Department says
During the period, costs for policies across all categories rose 8.7% faster than the rate of inflation.CNBC - Jan. 17 -
Extreme weather like California wildfires has increased homeowners’ insurance costs. Now we know how much extra they’re paying.
A new Treasury Department analysis looks at how climate-related disasters affected 246 million insurance policies.MarketWatch - Jan. 17 -
Our Insurance System Subsidizes Moves to Disaster Zones
Our policies encourage Americans to flock to areas particularly prone to climate-related disasters.The New York Times - Jan. 16 -
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. - Jan. 13 -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - Jan. 10 -
How much does it cost to insure 1-ounce gold bars in 2025?
Planning to add 1-ounce gold bars to your portfolio? here's what you could pay to insure them this year.CBS News - Jan. 10 -
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 - 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 -
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 - 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 -
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 - Jan. 9 -
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 -
What Californians should know about filing insurance claims after fire
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.CBS News - Jan. 9 -
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.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 -
What is Biden's legacy on climate change?
Officials on Wednesday afternoon briefed President Biden about the massive wildfires in Southern California fueled by climate change. Slashing Mr. Biden's climate regulations is at the top of ...CBS News - Jan. 8 -
Can Americans end our abusive relationship with private health insurance?
What we mainly fear is that “breaking up” with the current private insurance model would be even worseThe Hill - Jan. 8 -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - Jan. 8 -
Insurers limit coverage of prosthetic limbs, questioning medical need
Only 30% of beneficiaries who lost a limb in 2016 received a prosthesis within three years, a report found.CBS News - Jan. 6
