Their Wealth Is in Their Homes. Their Homes Are Now Ash.
LOS ANGELES – Sylvia Sweeney and her husband, Bob Honeychurch, bought their three-bedroom home nestled in the foothills of the ...
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Is Berkshire Hathaway Stock a Millionaire Maker?
Helmed by arguably the most famous investor of all time, Warren Buffett, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has had ...
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Homeowners in California could pay a surcharge of $1,000 or more if FAIR Plan runs dry
“We are one event away from a large assessment,” Victoria Roach, president of the FAIR Plan, said last year. Read ...
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An investor who spent $27 million on a mansion that burned down on ‘Billionaire’s Beach’ only expects $3 million from insurance
Real estate investor Robert Rivani was planning to list the five-bedroom Malibu mansion this spring for $40 million. Read More
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Two families lost their homes to the LA wildfires: One isn’t sure if it can or should rebuild, while another is already planning to
A family in Altadena doesn’t know how much insurance will cover. Another one in Pacific Palisades has contacted a builder. ...
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Just before wildfires hit, California told insurers to cover homes in risky areas. In return, they can pass on a key cost to customers
Insurers can incorporate reinsurance costs in their calculations for what they will charge consumers. Read More
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Three-fourths of homeowners may not have enough insurance to fully cover losses after a disaster, study says
“When consumers focus on premiums rather than coverage limits, insurers have a very natural incentive to cut prices by offering ...
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All eyes are on State Farm’s next move as wildfires rip apart Los Angeles
State Farm announced it would end coverage for 72,000 homes and apartments in the state earlier this year. Read More
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California homeowners insurance market tested as fires rage
Raging wildfires in Southern California are an early, high-stakes test of new regulations designed to shore up the state’s spiraling ...
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LA’s wildfires will make the housing shortage worse. Realtors are banding together to help displaced residents find homes
‘We just want to see these people land on their feet.’ Read More
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