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Los Angeles Wildfires

As wildfires burn in Los Angeles, insurers brace for a potential financial disaster

by Amy Scott and Sarah Leeson
Jan 9, 2025
The system is already strained by climate-induced disasters, says Wharton's Ben Keys. Homeowners across the state may bear some of the cost.
The number of structures destroyed by wildfires in Los Angeles continues to grow, racking up large obligations for insurers. The state is likely to be involved in the final accounting.
Apu Gomes/Getty Images
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Safety net home insurance plans are becoming the only option for many in disaster-prone states

by Scott Rodd
May 20, 2024
As private insurance companies retreat in states hit by climate-fueled disasters, safety net insurance plans are left to fill the gap.
At his two-acre property in San Diego County, Paul Felber gotten rid of much of the flammable vegetation bordering his home and spent more than $60,000 to harden it against wildfire. But home insurance companies weren’t impressed. In the last five years, the Felbers were dropped by two different companies.
Scott Rodd/KPBS
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