Latest in Insurance Amid Fires
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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 - 29m -
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 - 1h -
Animal shelter takes in 300 animals amid LA fires
A Pasadena animal shelter has urged evacuees to "please take your animals with you" as they have brought in 300 animals after evacuations.ABC News - 3h -
L.A. 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 - 4h -
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 - 14h -
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 - 22h -
WATCH: ABC TV reporter battles ‘vicious’ winds amid LA fires
Leanne Suter, of ABC News' Los Angeles station KABC, reports from the Eaton Fire in Southern California.ABC News - 2d -
'Unstoppable' and 'Wolf Man' premieres canceled amid Pacific Palisades fire, severe winds
The L.A. premieres for 'Unstoppable' and 'Wolf Man' were canceled Tuesday due to concerns over severe winds and the growing fire in Pacific Palisades.Los Angeles Times - 2d -
Newsom's fire response under microscope amid presidential speculation
California Gov. Gavin Newsom (D) is in the spotlight as multiple wildfires tear through the Los Angeles area, putting his response under a microscope amid speculation over his political ...The Hill - 6h -
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 - 7h -
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 - 15h -
Harris, Emhoff cancel trip to Singapore, Middle East, Germany amid California fires
Vice President Harris and second gentleman Doug Emhoff announced their decision to cancel their upcoming international trips on Thursday in the wake of the Los Angeles wildfires. “In response to ...The Hill - 16h -
L.A. homes reduced to ashes amid fires
Tens of thousands in Los Angeles County are living a nightmare scenario as crews battle some of the worst wildfires the area has seen in years. CBS News correspondent Elise Preston reports and Mark ...CBS News - 16h -
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 - 20h -
LA officials warn against looting amid fires, say 20 arrested so far
Los Angeles officials on Wednesday warned against looting amid deadly wildfires raging in the area. “In the midst of the emergency, we’ve all seen individuals who are targeting vulnerable ...The Hill - 21h -
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 - 22h -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - 1d -
Palisades Fire devastates communities amid call for additional help to contain wildfires
The Palisades Fire has devoured everything in its path, including some of the most exclusive and pricey neighborhoods in the U.S. It is now considered the most destructive fire in Los Angeles ...CBS News - 1d -
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 - 1d -
Biden postpones Italy trip amid raging Los Angeles fires
President Biden will no longer travel to Italy this weekend as fires rage in Los Angeles County, the White House said Wednesday. "After returning this evening from Los Angeles, where earlier today ...The Hill - 1d -
Celebrities share their stories of evacuation and loss amid devastating fires
Actor James Woods broke down in tears, saying 'I'm sorry, I thought I would be stronger than this," as he talked about evacuating. "One day you're swimming in the pool and the next day it's all ...CBS News - 1d -
Grounds of historic Villa de Leon caught in blaze amid Palisades Fire
Video captured the grounds of the Villa de Leon on fire. The historic mansion has been featured in many high-profile music videos and commercials. The mansion is located near the Getty Villa, an ...NBC News - 1d -
Biden offers support in LA County amid 'astounding' fires
President Biden on Wednesday viewed the damage from wildfires in Southern California and pledged his administration’s support for state and local officials and first responders battling the blazes. ...The Hill - 1d -
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 - 2d -
Source: Sorensen out as DC amid 49ers' revamp
The 49ers removed Nick Sorensen from his role as defensive coordinator Tuesday night but hope to retain him in a different post, a source said.ESPN - 2d -
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 - 2d -
‘Delay, Deny, Defend’ author: Fix the insurance industry to calm Americans’ rage
Anger at insurers goes beyond health coverage.MarketWatch - 2d -
Fires Break Out Across Southern California Amid Fierce Winds
The region’s utility company said it was prepared to cut power to more than 400,000 customers to try to prevent more blazes.The New York Times - 2d -
In Seoul, Blinken Affirms Alliance Amid Challenges to Democracies
The U.S. secretary of state aimed to show that his country stood by South Korea as it grapples with a political crisis, and as Donald J. Trump returns to power.The New York Times - 3d -
Laporta called to resign amid Olmo, Víctor fiasco
Various opposition groups have called for Barcelona president Joan Laporta to resign following the fiasco over Dani Olmo and Pau Víctor's failed registrations.ESPN - 3d -
Israel Conducts Raids in Syria Amid Accusations of Cease-Fire Violations
Four weeks after the fall of the Assad regime, Israel is pressing on with a military campaign on Syrian soil.The New York Times - 3d -
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 - 4d -
Spurs sign keeper Kinsky amid injury crisis
Tottenham Hotspur have signed goalkeeper Antonin Kinsky from Slavia Prague on a deal until 2031, the Premier League club confirmed on Sunday.ESPN - 4d -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - 6d -
'We'll see' - Ancelotti on signings amid TAA rebuff
Carlo Ancelotti said "we'll see" if Real Madrid can add to their squad in January after an approach for Trent Alexander-Arnold was rejected.ESPN - Jan. 3 -
Prescott taking security seriously amid break-ins
Even before a number of high-profile athletes were targeted by robberies over the past few months, Cowboys quarterback Dak Prescott has taken security seriously.ESPN - Jan. 1 -
Security in New Orleans amid deadly truck attack
At least 10 people were killed early Wednesday when a truck slammed into a crowd celebrating New Year's Day on New Orleans' Bourbon Street. CBS News congressional correspondent Scott MacFarlane has ...CBS News - Jan. 1 -
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