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 expects $1.7B in catastrophe losses from LA wildfires
The Travelers Companies (NYSE:TRV) expects catastrophe losses of $1.7 billion pre-tax ($1.3 billion after-tax) related to the January Los Angeles wildfires. The preliminary estimate includes losses from the company’s personal and commercial segments,
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 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 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
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 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 ...
Los Angeles County leaders warn of heavy rain, possible evacuations after region’s wildfires
Residents in burn scar areas should be ready to evacuate if needed. City and county agencies have readied streets for debris ...
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.
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 state agency outlines historical wildfire causes, possible policy failures
California’s nonpartisan analysis office has outlined significant issues in historical wildfire policies, implicitly highlighting the state’s role in the devastating Southern California wildfires.
California Wildfire Map: Update on Containment as New Fire Starts
All wildfires burning in Southern California were largely contained as of Thursday morning, even after a new fire ignited in ...
Court filing accuses Southern California Edison of tampering with possible Eaton fire evidence
A motion filed late Monday by the law firm Edelson PC accuses Southern California Edison of not disclosing its decision to ...
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 ...
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.