Latest in The end of insurance: Climate change is destroying homeowners and insurers
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‘Delay, Deny, Defend’ author: Fix the insurance industry to calm Americans’ rage
Anger at insurers goes beyond health coverage.MarketWatch - Jan. 11 -
The California Wildfires Are the Latest Disaster Supercharged by Climate Change
Extreme weather events — deadly heat waves, floods, fires and hurricanes — are the consequences of a warming planet, scientists say.The New York Times - Jan. 11 -
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 -
Climate change parches Western US, providing fuel for fires
Climate change is making the Western United States drier, which can fuel wildfires like those affecting Los Angeles. With higher temperatures come parched landscapes full of vegetation that can ...The Hill - Jan. 11 -
The utterly plausible case that climate change makes London much colder
For some climate scientists, global warming threatens Britain with a more unexpected scenarioFinancial Times - Jan. 11 -
Wellema Hat Company Destroyed by Los Angeles Wildfires
The Wellema Hat Company was one of many local Los Angeles businesses destroyed by this week’s fires. Now its founders are figuring out how to — or even if they can — start over.The New York Times - Jan. 11 -
Several schools destroyed in Los Angeles-area wildfires
The fires burning across Los Angeles County have thrown the school year into turmoil. At least a dozen schools have burned, impacting more than 5,000 students. Lilia Luciano reports.CBS News - Jan. 10 -
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 -
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 - 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 -
Biden’s climate narcissism could destroy America’s energy advantage
A majority of the country elected Donald Trump, who campaigned on a promise to “Drill, baby, drill.” Voters should be furious about Biden’s efforts to permanently ban most drilling offshore.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 -
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 -
BlackRock quits climate change group in latest green climbdown
World’s largest money manager had staked out position as sustainable investment leaderFinancial Times - Jan. 9 -
BlackRock departs climate investment group
Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed. “We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any ...The Hill - 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 did Jimmy Carter do to fight climate change?
The wildfires in California are the latest in a string of natural disasters made worse by climate change. Former President Jimmy Carter was one of the first U.S. officials to draw attention to ...CBS News - Jan. 8 -
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 - Jan. 8 -
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 -
Pasadena Jewish Temple destroyed by wildfire as evacuations continue around Los Angeles
The wildfires ravaging Southern California have destroyed the historic Pasadena Jewish Temple and Center. CBS News Los Angeles reports.CBS News - 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 -
'It's like a horrific dream': Eaton Fire destroys Pasadena Jewish temple
An eyewitness described seeing the Pasadena Jewish temple and center in Altadena burning in the Eaton Fire as a "bad, bad, horrific dream." KNBC's Tracey Leong reports from Altadena.NBC News - Jan. 8 -
Gaza Cola launched by Palestinian activist to rebuild destroyed hospital
Sales of fizzy drink from London hoped to raise money and send a message to big firms ‘investing in armed trade’. Gaza’s healthcare is on the brink of “total collapse” , according to the UN, ...The Guardian - Jan. 8 -
Fast-moving wildfire destroys homes as strong winds hit southern California
Fire quickly consumed hundreds of acres in the Pacific Palisades, an affluent community north of Santa Monica. Follow live: Wildfire billowed by ‘life threatening’ windstorm sweeps southern ...The Guardian - Jan. 8 -
The solicitor general climate change briefs that didn’t bark
This failure exposes the weakness of the Biden administration’s position supporting the climate change plaintiffs.The Hill - Jan. 7 -
Climate change is hampering US apple quality and output: Study
Many of the nation's biggest apple-generating regions are confronting challenges in crop growth and development, due to the impacts of a changing climate, a new study has found. While apple ...The Hill - Jan. 6 -
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