California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
Insurers Braced to Bail Out California State Insurer For L.A. Wildfire Losses
Insurers are estimating losses totaling billions of dollars from the Los Angeles wildfires, including assumed payments to allow for a bail out
Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit.
The $1.7 billion catastrophe loss comes out to be $1.3 billion after tax, and includes losses from both commercial and personal units. Travelers stock fell fractionally in premark
Travelers Sees $1.7 Billion in Losses From California Wildfires
Travelers Cos. said it expects about $1.7 billion of pretax losses from the wildfires that devastated Los Angeles last month.
Travelers Sees $1.7 Billion Pretax Catastrophe Losses From California Wildfires
Travelers said it expects pretax catastrophe losses of $1.7 billion from the devastating wildfires that struck southern California in January.
Travelers reports January catastrophe loss estimates from California wildfires
Travelers (TRV) announced a preliminary estimate of catastrophe losses related to the January 2025 California wildfires. The company’s
Travelers faces $1.7 billion impact from Los Angeles wildfires, future premium changes uncertain
Travelers reports a $1.7 billion impact from Los Angeles wildfires, with future premium changes in California and nationally still uncertain.
Travelers Says California Wildfires Cost Its Insurance Business $1.7 Billion
The Travelers Companies, Inc. reported a $1.7 billion pre-tax loss ($1.3 billion after tax) due to the wildfires that devastated California.
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...
California’s Problem Now Isn’t Fire—It’s Rain
Torrential rain is expected this week in Los Angeles, which risks producing flash flooding and landslides in areas stripped ...
More than 2 million acres of local land in California designated high or very high fire danger areas
Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
California’s insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...
Fire-ravaged Los Angeles braces for landslides as atmospheric river brings heavy rain to California
A new rain storm is bearing down on California, including fire-ravaged Los Angeles, where residents are bracing for the possibility of mudslides and landslides.
Eliminating FEMA would be ‘huge mistake’ after California wildfires, Democrat says
Rep. Judy Chu (D-Calif.) said it would be a “huge mistake” to terminate the Federal Emergency Response Agency (FEMA) in the ...
California man finds 525-pound animal under his home after Los Angeles fires. The bear goes by Barry
A Southern California man returned home after evacuating last month’s devastating Los Angeles-area wildfires to discover an ...
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
California Wildfire Auction Sees Tons of Celebrity Items Put Up for Sale
Wildfires have devastated multiple areas of California in recent years, displacing thousands and causing millions in damages.
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California homeowners will likely share pain of LA fire losses
Virtually every homeowner in California may have to dip into their pockets to help cover the cost of January's Los Angeles ...