Latest in Lay Bare Insurance
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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 - 9h -
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 - 12h -
Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline
Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of ...MarketWatch - 18h -
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. - 1d -
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 - 1d -
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 - 2d -
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 - 3d -
‘Delay, Deny, Defend’ author: Fix the insurance industry to calm Americans’ rage
Anger at insurers goes beyond health coverage.MarketWatch - 3d -
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 - 3d -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - 4d -
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 - 4d -
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 - 4d -
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 - 4d -
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 - 4d -
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 - 4d -
There are no adults in the room: there’s barely a room. This is politics at warp speed, and we know who’s benefiting | Marina Hyde
Fiscal crisis, corruption claims, shenanigans and legal threats. This feels like the week old-style politics sat on a grenade . The worst-timed foreign visit by a politician this week was LA mayor ...The Guardian - 4d -
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 - 4d -
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 - 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 - 5d -
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 - 5d -
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 - 5d -
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 - 5d -
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 - 5d -
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageFinancial Times - 5d -
Chinese consumer prices barely rise as deflationary pressure weighs
Beijing has struggled to stimulate domestic demand in economyFinancial Times - 6d -
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 - 6d -
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 - 6d -
Bipartisan lawmakers come together to honor Jimmy Carter with wreath laying
Senate leaders Chuck Schumer and John Thune delivered the first wreath to the casket of former President Jimmy Carter in the Capitol Rotunda on Tuesday. House leaders Hakeem Jeffries and Mike ...CBS News - Jan. 7 -
Washington Post Lays Off 4% of Its Work Force
The layoffs will affect employees across The Post’s business operations, not its newsroom.The New York Times - Jan. 7 -
Mike Johnson lays out ambitious strategy to pass Trump's agenda in 'one big, beautiful bill'
Speaker Mike Johnson's plan to pass most of Donald Trump's agenda in one, big reconciliation bill faces major hurdles.NBC News - 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 -
Texas warning of "maneater" screwworms that lay eggs in flesh
Just one fly can lay up to 300 eggs at a time and is drawn "to the odor of a wound or natural opening on a live, warm-blooded animal."CBS News - Jan. 6 -
Washington Post expected to lay off dozens of staffers in coming week – report
‘Cuts will be deep’, media reporter writes, after paper faced scrutiny for halting endorsement of Harris in October. Dozens of employees are expected to be laid off at the Washington Post in the ...The Guardian - Jan. 6 -
USA win United Cup as Coco Gauff lays down marker against Iga Swiatek
Gauff defeats world No 2 Swiatek 6-4, 6-4 in Sydney Fritz clinches title with 6-4, 5-7, 7-6 victory over Hurkacz In her short time as a professional tennis player, even as her career flourished ...The Guardian - Jan. 5 -
Georgia governor and Carter Center CEO lay wreaths for Jimmy Carter
The Carter Center CEO Paige Alexander and Georgia Gov. Brian Kemp laid wreaths of 39 white roses in front of former President Jimmy Carter's casket. He served as the 39th president from 1977 to 1981.CBS News - Jan. 4 -
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 - Jan. 3 -
Johnson lays out key commitments amid Speakership battle
Speaker Mike Johnson (R-La.) on Friday vowed to “reduce the size and scope of the federal government” among several other commitments as he fights to keep his gavel this week. “If we don’t follow ...The Hill - Jan. 3 -
New Republican Congress to begin laying the groundwork for Trump's return
Congress starts a new session Friday with Republicans taking the majority in the House and Senate, electing a speaker and preparing for a second Trump administration.NBC News - Jan. 3 -
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