California News / Claims Pages

Rising Risks in Homeowners Insurance Demand Swift Action

The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.

January 14 Catastrophe Legislation & Regulation Property Risk Management California Colorado Florida Hawaii Louisiana

Billions in Losses Loom for Insurers as LA Wildfires Rage

Moody’s projects insured losses from uncontained LA wildfires to range from $10 billion to $20 billion, impacting homeowners, commercial insurers, and the E&S market amid California’s ongoing insurance challenges.

January 13 Catastrophe Legislation & Regulation Property Risk Management California

Insurers Face Major Net Losses from Los Angeles Wildfires, Highlighting Reinsurance Dynamics

The Los Angeles wildfires are projected to result in $20 billion in insurance losses, prompting reinsurance recoveries for some carriers as analysts assess exposure across property and auto lines.

January 13 Catastrophe Property Risk Management California

Aerial Firefighting Ramps Up as California Wildfires Devastate Los Angeles

California’s Palisades Fire has consumed thousands of acres and homes, with high winds complicating firefighting efforts. Federal aid and state resources aim to assist affected residents.

January 13 Catastrophe Legislation & Regulation Property Risk Management California

Thousands Evacuate as Wildfires Devastate Los Angeles Area

Southern California faces extreme fire conditions fueled by hurricane-force winds, forcing mass evacuations and widespread power outages, with no immediate relief in sight.

January 8 Catastrophe Legislation & Regulation Property Risk Management California

How Data Innovation Is Shaping the Insurance Industry’s Response to Climate Risks

Presenters at Triple-I’s Joint Industry Forum spotlighted how granular data, innovative insurance products, and consumer education are closing climate-related protection gaps.

January 7 Catastrophe Legislation & Regulation Property Risk Management California

California Mandates Increased Home Insurance in Wildfire Zones

California introduces new regulations requiring insurers to increase home coverage in wildfire-prone areas, aiming to stabilize the insurance market and support homeowners.

January 3 Catastrophe Legislation & Regulation Property Risk Management California

What 2025 Holds for Climate: EVs, Coal, and Green Energy Shifts

In 2025, the global green transition faces challenges and opportunities, from rising EV sales and nuclear energy interest to increased coal reliance and stricter PFAS regulations.

January 3 Legislation & Regulation Property Risk Management Technology California New York

Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.

As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.

December 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama California Colorado Connecticut Florida

California Faces Torrential Rains, Tornado Warnings, and Fires Amid Severe Weather Events

Northern California grapples with flooding and tornadoes, while Southern California battles wildfires and heat in an unprecedented stretch of extreme weather linked to La Niña and climate change.

December 26, 2024 Catastrophe Insurance Industry Property Risk Management California

Amazon Braces for Strike Threats During Peak Holiday Season

Teamsters union members in multiple cities threaten a pre-Christmas strike, pressuring Amazon to negotiate amid labor disputes over unionization and workplace rights.

December 19, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Alabama California Georgia Illinois New York

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.

December 19, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Hawaii Louisiana Massachusetts

Millions of Homeowners Risk Being Underinsured for Detached Structures

AI-based analysis reveals nearly half of U.S. properties have overlooked secondary structures, highlighting risks for homeowners and insurers alike.

December 19, 2024 Property Risk Management Technology Underwriting California Georgia Montana North Carolina Rhode Island

California Insurance Agent Faces Fraud Charges Over $900K Long-Term Care Scheme

A former insurance agent in Cupertino has been charged with fraud after allegedly claiming over $900,000 in long-term care benefits for herself and her father under false pretenses.

December 12, 2024 Fraud Legislation & Regulation Life & Health Litigation California

Global Insurance 2025: Navigating Challenges to Achieve Growth

The global insurance industry faces inflation, natural disasters, and shifting demographics but finds opportunities for innovation and expansion into emerging markets.

December 9, 2024 Catastrophe Property Risk Management Technology California Florida New York Washington