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The Los Angeles Fires Will Put California’s New Insurance Rules to the Test

Wired LogoWired17h ago

The Los Angeles Fires Will Put California’s New Insurance Rules to the Test - Wired

Quick Summary:

The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas.

Tens of billions in fire damage will stress-test the new regime.

California is the only state in the country that doesn’t allow insurance companies to use forward-looking “catastrophe models” when they set prices.

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Article Details

Author / Journalist: Jake Bittle

Category: TechnologyEconomy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 18:53:59 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1604 words

Reading Time: 9 minutes read

Sentences: 60 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 25010795

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About Wired

Main Topics: TechnologyEconomy

Official Website: wired.com

Update Frequency: 20 posts per day

Year Established: 1993

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #111

Publisher Details

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It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/the-los-angeles-fires-will-17364495337989

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