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The Latest Breaking News from Insurance

After the fire, the insurance battles: LA victims’ ordeal may just be beginning

‘Now we have to make sure there’s not a second, financial tragedy that follows the physical catastrophe,’ says consumer advocate

The Guardian - US

Legal fight over €2.5bn worth of aircraft stuck in Russia plays out in Dublin

World’s largest aircraft lessors and insurance firms battle over compensation for jets stranded after Ukraine invasion

The Guardian - UK

Los Angeles fires expose insurance shortcomings. Could startups do better?

The once hot insuretech sector fell out of favor a few years ago. Given the scope of the current disaster though, it's not clear what role the VC-backed startups could have played.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

“Timestamped Pictures”: 50 Random Things People Did That Really Saved Them Later

Someone asked “What’s something you did just to be safe that ended up saving your [butt] later?” and people shared their best stories. The post “Timestamped Pictures”: 50 Random Things People Did That Really Saved Them Later first appeared on Bored Panda.

Bored Panda

3 Insurance Stocks Offering Safety and Growth

The insurance sector is experiencing significant growth driven by robust economic activity, increasing asset values, and rising healthcare expenses. As a result, investing in solid insurance stocks like ProAssurance (PRA), Tiptree (TIPT), and Donegal Group (DGICA) may offer a smart opportunity for investors seeking both stability and long-term growth. Read…

StockNews.com

All About Six Types of Auto Insurance Coverage

Do you know what your auto insurance policy covers? Here's a primer on some coverage categories, along with examples of how each type of coverage works.

Kiplinger

The end of climate stability is the end of the insurance market

Also: Tesla board must return compensation, Quantum computing stocks take big hit.

Fortune

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What is mortgage insurance? Here’s what you need to know

This extra fee protects your lender in case of an emergency, but it can be removed over time.

Fortune

The LA wildfires will cause chaos for California’s home insurance market

New rules allowed climate change consideration in premiums

The Independent UK

Virginia Woman Forced to Raise Money for Prosthetic Hand After Insurance Refuses to Cover It Despite Doctor Recommendation

Elisabeth Foley, a Virginia mother who lost her hand in a shark attack, is turning to crowdfunding after her insurance company denied coverage for a $73,000 prosthetic her doctors recommended.

Latin Times

California is in a home-insurance crisis. The Pacific Palisades fire will only make it worse

‘We need to make it incredibly expensive to build in these kinds of environments,’ one expert told The Independent. ‘If the insurance industry refuses to sell policies, maybe people won’t risk it’

The Independent UK

Inside the 'chaos' of California's wildfires: How two families scrambled to escape their dream homes

"Hopefully a year from now, I can say, yeah, it was horrible and painful, but the insurance companies paid what they what the policies said they were going to pay."

Fortune

California Insurance Commissioner Urges Residents To Prepare For Wildfires

Learn about California's insurance crisis amid wildfires, steps for expedited claims, and reforms for coverage in high-risk areas.

Top News

California Homeowners Struggle As Insurance Companies Cancel Fire Policies

California homeowners face insurance crisis as insurers decline policies in high-risk wildfire areas, leaving many vulnerable.

Fortune

Victims of the Pacific Palisades fire face another harsh reality: No insurance to rebuild

Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's California wildfires.

Reason

A Failed State

Plus: Israeli hostage update, ultraprocessed childhoods, and more...

Latin Times

LA Wildfires Already Caused Over $50 Billion In Damages, Latest Estimate Shows

The damage estimate remains preliminary, as the flames continue to spread quickly. Many residents report they have no property insurance.

AAP

Insurance threat issued to landlords amid tobacco war

Two stores have been torched in the latest attack in an illicit tobacco war, as police warn landlords to know who they are renting shops to.

Evening Standard

Food prices to rise by 4.2% this year amid increased costs, industry warns

The BRC said there was ‘little hope of prices going anywhere but up’ amid higher national insurance, National Living Wage and packaging costs.

The Independent UK

Stuntwoman-turned-attorney accused of staging car crashes to file fraudulent insurance claims

Vanessa Motta, 43, is one of eight people who’ve been indicted in the scheme by Department of Justice

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