For decades, California's byzantine insurance regulations effectively forced insurers to subsidize people living in wildfire-prone areas. With the recent devastating wildfires in Los Angeles exposing the state's already in-crisis property insurance industry to tens of billions in losses,

The legislation would permit a state government conduit issuer to sell bonds to bolster the last-resort FAIR Plan in the wake of Los Angeles-area wildfires.

The Los Angeles County fires have cast uncertainty over when the insurance crisis buffeting the entire state will ease, California Insurance Commissioner Ricardo Lara told the Chronicle during an interview Saturday in Santa Monica,

Susan Rubio, a Democrat from Baldwin Park, will refill the vacancy that Senate leaders briefly left open for a few weeks following reports that she was part of an FBI investigation stemming from her time as a member of the Baldwin Park City Council.

Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance costs skyrocketed more than 62%.

A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

In a customer advisory, State Farm revealed that so far it has received over 10,100 total home and auto claims and has paid out almost half a billion dollars to claimants. In the notice, posted on its web site, State Farm said it had made successful voice-to-voice contact with over 95% of customers who have filed homeowner claims.

California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.

A round up of announcements and actions by the state's insurance regulator, a consumer advocate and an industry trade association.

CalMatters reports on the alarming issue of home development in highly flammable areas in the state of California.

California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.

A chimney remains standing in a home destroyed by the Eaton Fire in Altadena on Jan. 8, 2025. Photo by Jules Hotz for From economy reporter Levi Sumagaysay: Insurance companies have paid out $4.2 billion in claims so far to survivors of the Los Angeles County fires,