Strong jobs report gives market investors the jitters
The U.S. economy boasted an impressive 256,000 nonfarm payrolls in December, a figure that shocked forecasters.
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California Faces a Staggering $20 Billion Wildfire Insurance Crisis. ‘Sad Surprises’ May Be Ahead for Homeowners
The catastrophe has been years in the making as the state’s largest insurance companies discontinued coverage for thousands ...
As Southern California fires burn, Caldor Fire victim reflects on her experience with fire insurance
The devastation caused by the Southern California wildfires this week is prompting serious discussion about fire insurance in California.
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.
These Stocks Moved the Most Today: Walgreens, Delta, Nvidia, AMD, Constellation Energy, Allstate, Mercury General, Constellation Brands, and More
Walgreens stock surges following better-than-expected quarterly earnings, Delta forecasts a strong 2025, and shares of chip ...
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Damages from LA fires could impact insurance for all Californians, despite new rules
So far, there is no official dollar amount for the Los Angeles wildfire damages, but initial estimates by some experts put it at $20-50 billion for insurers.
How will the California wildfires shape the home insurance industry?
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
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The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
As LA fires rage, California’s insurance commissioner imposes 1-year ban on policy cancellations
Our top priority is protecting Californians during this crisis and helping us to recover,” said state Insurance Commissioner Ricardo Lara.
California Bans Insurance Policy Cancellations in L.A. Until 2026 as Wildfire Disaster Costs Pile Up
California’s insurance authority rushed to impose a yearlong ban on policy cancellations in parts of Los Angeles hardest hit ...
Allstate: High ROEs Likely Unsustainable
Allstate shows strong recent performance, but long-term risks remain. See why ALL stock could be impacted by competitive ...