California homeowners will feel the effects of this week's fires regardless of where they live.Justin Sullivan/Getty ImagesCalifornia was already in the midst of an insurance crisis before this week's fires.Major insurers dropped property policies for residents, including in Pacific Palisades.Experts predict premiums will continue to rise for the whole region and it may get harder to secure a loan.Even before this week's wildfires in Los Angeles County, California was in the midst of an insurance crisis spurred by the threat of intensifying wildfires and other extreme weather events.Since 2022, major insurance companies have either stopped writing new policies, pulled back coverage, or dropped residents altogether.

Topics:  i   county   march   state farm   august   allstate   hurst   ceo   september 2024."they   los   angeles   herzberg   september   experts   worsen   home   week   dropped   told   coverage   harder   zones   feel   property   secure   year   mortgage   progress   unaffordable   reported   
BING NEWS:
  • Pacific Palisades is no stranger to fire concerns – or California's home insurance problem
    An executive summary of the plan that was previously released mentioned Pacific Palisades by name, noting that "strong winds, notably the Santa Ana winds, can swiftly spread flames, posing threats to ...
    01/9/2025 - 2:07 pm | View Link
  • Pacific Palisades fire may spell an end to cheap homeowners insurance in California
    The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home to Hollywood A-Listers and multimillion dollar mansions. The scale of losses ...
    01/9/2025 - 4:28 am | View Link
  • Experts break down how the Palisades fire will worsen California's insurance crisis
    This week's fires will only worsen the situation, insurance and real estate experts told Business Insider. "It's like we took two steps forward, then we just took five back," Cali ...
    01/8/2025 - 8:20 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News