News

California lawsuit accuses insurance companies of ‘illegal scheme’ to drop homeowners
The lawsuit claims insurers conspired to force homeowners onto the FAIR Plan, a last-resort insurance program.
Property owners sue California insurance companies over alleged 'collusion' following wildfires
A new lawsuit alleges that California's major insurers worked together to push higher premiums and lower coverage caps onto ...
Insurance Business America1d
Allstate reports huge pretax cat loss
Eleven events contributed to the March total, with four large-scale systems involving wind and hail accounting for ...
California couple sues insurance companies, FAIR Plan over wildfire coverage
The house was covered by the California FAIR Plan, a private association that provides fire insurance to homeowners in the state who can’t otherwise find coverage. It is made up of all the companies ...
Mercury News27d
Is California at risk of a new insurance bailout amid increased wildfire danger?
Allstate Corp. and Chubb Ltd. to cough up a combined $1 billion to bolster its reserves as it sorts through liabilities from the Palisades and Eaton fires. The measure, known as an assessment ...
Hosted on MSN21d
Allstate expects $1.1 billion in losses from Los Angeles fires
Allstate said this week that it expects to lose $1.1 billion due to the Los Angeles fires, making it the second major insurer to announce the financial impact of the country's single most costly ...
Ball State Daily22h
‘I wanted to be a hero’: Local volunteer firefighters reflect on serving their communities.
Jeremiah recalls attending a funeral for a local firefighter who had passed away, remembering the uniforms that the ...
Sacramento Bee20d
California couple sues insurance companies, FAIR Plan over wildfire coverage
Representatives for State Farm and Allstate did not immediately respond ... the home because they are too concerned about what the fire left inside. Schaffer, their lawyer, said he brought in ...
Fast Company28d
How Hawaii residents are becoming ‘Firewise’ after the Maui fires
“Fire is not like other natural hazards ... A recent study by the U.S. Chamber of Commerce and Allstate found that $1 in resilience and preparation investment can save $13 in economic and ...
Detroit News28d
After Lahaina fire, Hawaii residents address their risk by becoming 'Firewise'
“Fire is not like other natural hazards ... A recent study by the U.S. Chamber of Commerce and Allstate found that $1 in resilience and preparation investment can save $13 in economic and ...
Hosted on MSN20d
How will the California wildfires shape the home insurance industry?
The multiple wildfires raging in California are being described by eyewitnesses as "apocalyptic." While the cost in human suffering is immeasurable, it may take weeks or longer for the true ...
Redding Record Searchlight28d
Is your Redding home in a high fire hazard severity zone? You can find out.
Businesses and homeowners losing fire insurance coverage is not a new issue. Two of the state's largest homeowners insurance carriers, State Farm and Allstate, decided in 2023 not to offer ...