A question we get from readers more and more is some version of this: How should the growing risks from climate change affect my decision to buy a house? Or, if I buy a house, where should I buy, and what should I keep in mind? It seems especially urgent now, as insurance costs in…
California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is getting an infusion of cash from regular insurers. State regulators said Tuesday that they will allow the program, known as the FAIR…
If your home was damaged or destroyed by the fires in Los Angeles, the most daunting challenge may still be ahead: Getting your insurance company, or the federal government, to give you the money you’re entitled to receive. That process can be infuriating and baffling, and it comes during what is already an incredibly stressful…
It’s too soon to know how the Los Angeles fires will change life in California, but it may heavily depend on the answer to a single question: Will a once-obscure insurance program run out of money? That program, the California FAIR Plan, was created by state lawmakers in 1968 to cover people who couldn’t get…
It’s too soon to know the financial cost of the wildfires burning around Los Angeles. But the toll on California’s troubled insurance market could be enormous. The fires struck just as California officials have been working to stop insurance companies from fleeing their state. That exodus, driven by rising losses from wildfires that have grown…
