US Insurers Slump as Los Angeles Wildfire Loss Estimates Hit $20 Billion
Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion. Wells Fargo also expects similar insured
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Los Angeles fire victims may not have insurance to rebuild
California’s wildfires are devastating the Los Angeles area, but insurance companies previously cut coverage in the state as a result of the increasing likelihood of paying billions in damages each year.
How the Wildfires in the Los Angeles Area Could Affect California's Home Insurance Market
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing reside
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.
US property and casualty insurers slide as Los Angeles wildfire losses mount
U.S. property and casualty insurance stocks slid in premarket trading on Friday on worries over the billions of dollars in potential catastrophe-related claims from the wildfires menacing Los Angeles,
How the devastating Los Angeles fires could deepen California's home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished more than 2,000 homes in Los Angeles County threaten an effort to fix California's troubled home insurance market.
Verizon settlement money goes out to customers, but some payments fall short
Verizon customers reported receiving settlement payments well below the minimum of $15, as stipulated in agreement.
What would happen to TikTok if the Supreme Court doesn't intervene?
Arguments at the Supreme Court surrounding TikTok's future in the U.S. could impact the highest court's decision to intervene ...
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December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News ...
Macy's will close 66 stores this year. Here is where they are.
Macy's is closing 66 store locations that it has said are underperforming. The closures are part of the storied retailer's ...