Zurich Insurance Sees $200 Million LA Wildfire Loss February 21, 2025 By Noele Illien Zurich Insurance Group AG is expecting pretax losses of $200 million from the January California wildfires as the insurer reported...
Airbnb Billionaire Plans Factory-Built Homes for LA Fire Victims February 20, 2025 By John Gittelsohn Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate...
Farmers Estimates $600M in Losses from LA Wildfires February 19, 2025 Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600...
Trump’s Hiring Freeze Throws Wildfire Fighters into Disarray February 19, 2025 By Olivia Raimonde Federal firefighters have found their jobs on the chopping block as a result of U.S. President Donald Trump’s executive orders,...
California Insurance Commissioner Rejects State Farm’s 22% Rate Request February 14, 2025 California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a...
Los Angeles Sees Mudslides With Heavy Rains February 14, 2025 By Brian K. Sullivan Heavy rains caused flooding and mudslides in Los Angeles late Thursday and early Friday, as authorities ordered evacuations and warned...
Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year February 14, 2025 By Tim McLaughlin Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that...
Insurers Have Now Paid out $6.9B for LA Wildfires, Report Shows February 13, 2025 Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los...
Mercury Expects to Lose $1.6B to $2B from LA Wildfires February 13, 2025 By Susanne Sclafane Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation...
Edison Utility Faces Shareholder Lawsuit Over LA Wildfires February 12, 2025 By Jonathan Stempel The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires...