Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
After the loss of more than 10,000 homes in last month's Los Angeles fires, the region faces a daunting challenge to rebuild with a tight labor market, constrained construction supplies ...
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 ...