insurance

California’s insurance companies are passing along the costs of the deadly Los Angeles fires to consumers, raising premiums, adding surcharges, and forcing them to subsidize the losses of the California FAIR plan.

The Los Angeles wildfires of January 2025 broke the record for the costliest fire insurance losses in history, with the insured losses alone reaching $40 billion, according to a new report.

Sen. Josh Hawley (R-MO) ripped into insurance companies, notably Allstate and State Farm, on Tuesday for lowballing disaster victims who had paid premiums but received paltry compensation offers from insurers.

California Insurance Commissioner Ricardo Lara granted State Farm’s request Tuesday for large rate increases despite the company’s failure to deal honestly with many victims of recent wildfires.

Officials in California are launching a variety of hearings and investigations regarding the insurance crisis among victims of the Palisades and Eaton Fires, including the fact that many homeowners were underinsured for the cost of rebuilding their homes in case of total loss.

Advocacy group Consumers’ Research called out Nationwide Insurance in a letter, claiming that the company rebranded its diversity, equity, and inclusion (DEI) policies and was continuing discriminatory practices, Breitbart News has learned exclusively.

California Insurance Commissioner Ricardo Lara failed to show up Tuesday at a hearing he himself had demanded into State Farm’s proposed 22% rate hike for home insurance in the wake of the recent wildfires in Los Angeles.

California Insurance Commissioner Ricardo Lara has traveled extensively, including to overseas destinations, at taxpayer expense — and not always with a clear work purpose, according to an investigative report by KGO-7.

Rep. Darrell Issa (R-CA) said Sunday that a large, class action lawsuit may be the only way to make victims of the recent Los Angeles fires whole, after many lost their insurance due to the state’s price controls on policy premiums.

California Insurance Commissioner Ricardo Lara stole away to Bermuda for a junket last week, choosing to attend a conference of insurance executives instead of testifying at a state legislative hearing, with fire victims still in limbo.

A State Farm executive appeared in a video released Wednesday to say that homes should never have been built in the Pacific Palisades at all, blaming the victims of the recent Los Angeles wildfires, including State Farm’s own customers.

Few insurance companies are complying with California Insurance Commissioner Ricardo Lara’s request that they cover 100% of the personal property lost by policy holders in the Los Angeles fires by the February 28 deadline.

State Sen. Ben Allen (D-Santa Monica) has proposed legislation that would require insurance companies to cover 100% of the losses to personal property in fires without requiring customers to fill out details lists of possessions.

Farmers Insurance estimated that it would lose roughly $600 million as a result of the Los Angeles area wildfires that occurred in California at the beginning of the year.

California Insurance Commissioner Ricardo Lara says that he is tired of being “white mansplained on how to do my job,” after facing criticism from elected representatives, including Democrats, over his recent job performance.

President Donald Trump’s Department of Housing and Urban Development (HUD) Secretary Scott Turner said the Federal Housing Authority (FHA) will “do exactly what it’s called to do” to help victims of the Los Angeles wildfires.

Insurance giant State Farm, one of the last remaining large insurance carriers in California, has canceled its Super Bowl ads this year citing the tragedy of L.A.’s wildfire devastation.

Insurance industry leaders are shooting back at Vice President Kamala Harris’s claim that insurers have abandoned “a lot of the families who have been affected and will be affected” by the Los Angeles wildfires, arguing that it was a “false, wrong and dangerous” statement.

California residents have been struggling with insurance companies that dropped thousands of policies before this week’s wildfires. 

Gov. Gavin Newsom (D) and the Democrat-run government of California caused insurance companies to cancel many of their fire insurance policies — with many residents of Pacific Palisades losing their policies just before the wildfires.

Many social media users — including journalists and academics — are celebrating the murder of UnitedHealthcare CEO Brian Thompson on Wednesday, implying that he got what he deserved.

Most residents in western North Carolina hit by Hurricane Helene do not have flood insurance, which brings more struggle in the storm’s aftermath.

The federal government has released data showing more than 155,000 migrants have been convicted — or face charges — for criminal traffic offenses as Americans’ auto insurance bills rise rapidly. The huge imported population of dangerous, drunk, drugged, or reckless

Americans’ auto-insurance rates are rising rapidly as Biden’s migration policy puts millions of new migrants on the road, often without driver training or English language lessons.

Car insurance in Democrat-run California is expected to rise 54 percent by the end of 2024, according to a report from Insurify.

Car insurance rates have continued to rise dramatically after the coronavirus pandemic, despite predictions from industry experts that the increase would have slowed down by 2024, data scientists said in a report.

Car insurance rates are skyrocketing amid rising auto-related crime and worsening inflation for ordinary Americans.

A massive scheme organized by New York City-based Russian fraudsters, MS-13 gang members, corrupt surgeons, and greedy lawyers has cost local businesses and insurance companies “billions,” a report revealed Sunday.

The destruction of the Francis Scott Key Bridge in Baltimore and its economic fall out could result in the biggest-ever marine insurance payout.

Americans working toward having a place of their own are now apparently facing higher home insurance premiums.

Attacks by Huthi rebels have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates.

A bill introduced Friday by California Assembly Member Mike Gipson (D) would force insurance companies to provide lawmakers with an annual report highlighting homeowners with guns in their residence.

A former Illinois Democrat state senator allegedly submitted false insurance policies after leaving her position and starting a career selling insurance.

Insurance costs for Red Sea transit have risen by up to 50 percent since the Houthi terrorists began attacking commercial vessels.

Maryland House Democrats are pushing a $300,000 liability insurance requirement for licensed concealed carry permit holders in their state. 

Skyrocketing home and auto insurance rates are weighing on American households as the average prices for both are projected to have their biggest spikes in over five years.