Latest in Disaster Insurance
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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 - 1d -
United by Disaster, L.A. Mourns, and Hopes, Together
More than a week after the wildfires ignited, the hazy numbness described by many looks a lot like grieving.The New York Times - 5h -
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 - 1d -
Here's where insurance firms see the most risk for disasters
In the months preceding the outbreak of the infernos now raging through Los Angeles County, home insurance carriers began withdrawing new coverage in response to the rising threat from wildfires, ...NBC News - 1d -
The Disaster That Changed the Life of Baseball’s Next Big Star
The pitching phenom Roki Sasaki lost his family to a tsunami. Then he clung to his love for the sport.The New York Times - 1d -
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. - 2d -
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 - 2d -
The Rams Had an Improbable Season. Then Disaster Struck Their City.
In the playoffs, Los Angeles is playing for “everybody affected by the fires.”The New York Times - 2d -
California wildfire disaster unfolds | 60 Minutes
In the shadow of Hollywood, a disaster is unfolding that would rival anything you've seen on the big screen: deadly wildfires, destroying thousands of homes in Los Angeles County.CBS News - 3d -
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 - 3d -
A look at Trump's track record of disaster misinformation
As wildfires ravage southern California, President-elect Donald Trump has attacked Democratic officials, continuing a pattern of spreading misinformation amid disasters.ABC News - 4d -
Insurers Limit Coverage of Prosthetic Limbs, Questioning Their Medical Necessity
This is a MedPage Today story. When Michael Adams was researching health insurance options in 2023, he had one very specific requirement: coverage for prosthetic limbs. Adams, 51, lost his right ...ABC News - 4d -
‘Delay, Deny, Defend’ author: Fix the insurance industry to calm Americans’ rage
Anger at insurers goes beyond health coverage.MarketWatch - 4d -
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 - 4d -
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 - 4d -
Inside the disaster zone with Los Angeles County firefighters
Rob Marciano spent Friday embedded with Los Angeles County Fire Department crews as they went through the disaster zone of the Palisades Fire, extinguishing flare-ups.CBS News - 5d -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - 5d -
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 - 5d -
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 - 5d -
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 - 5d -
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 - 5d -
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 - 5d -
Lasting psychological impacts of natural disasters on survivors
As massive flames continue to ravage Southern California, survivors are left to pick up the pieces. Dr. Sue Varma talks about the long-term psychological effects of natural disasters, highlighting ...CBS News - 5d -
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 - 5d -
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 - 6d -
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 - 6d -
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 - 6d -
How to talk to kids about natural disasters
Here are some practical, research-backed ways to talk to children about natural disasters while keeping their emotional well-being—and your own—in mind.ABC News - 6d -
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 - 6d -
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 - 6d -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - 6d -
The Los Angeles wildfires are climate disasters compounded
Conditions for a January LA firestorm have not existed before now, writes a meteorologist and climate journalist. California wildfires – live Californians: have you been affected by the ...The Guardian - 6d -
In the Palisades, an Evacuation Disaster Was Years in the Making
Some Pacific Palisades residents said the community had long asked for more detailed fire preparation plans. When a fire raged through the community this week, gridlock ensued.The New York Times - Jan. 9 -
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 - 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 -
Disaster by the Numbers: The Crisis in Sudan
The United States just formally declared that genocide has taken place in the northeast African nation, but the calamity there dates back decades.The New York Times - Jan. 7 -
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 -
Life Lessons From the Masters of Disaster
The President-elect and the mayor of Chicago are great examples of how not to behave at critical moments. Entrepreneurs, take note.Inc. - Jan. 2 -
Millions of children lost health insurance in Medicaid shake-up
Children were among the millions of people who lost Medicaid coverage after the government required states to reevaluate every recipient's eligibility. Some have been able to get benefits back, but ...NBC News - Dec. 31