Tag: Property insurance
Impact of Fires on Real Estate: $30 Billion in Losses
The impact of wildfires on real estate in California has been significant, with the Palisades and Eaton fires alone potentially resulting in over $30...
FAIR Plan to Assess $1 Billion for L.A. Fires
The California FAIR Plan recently received authorization to impose a hefty $1 billion assessment on its member companies to assist in covering the costs...
State Farm Requests 22% Emergency Rate Increase Post L.A. Fires
State Farm, California's largest home insurer, is facing financial difficulties following the recent Los Angeles County fires. The company has already received over 8,700...
California Home Worth $2M Spared from Wildfires Destroyed by Landslide
California Home Worth $2M Spared from Wildfires Destroyed by LandslideA stunning California oceanfront property worth an estimated $2 million, which miraculously survived the devastating...