Charred mailboxes remain standing along Pentz Road in Paradise, a community that was almost completely destroyed by the Camp fire in 2018. Allstate has received approval to raise its California homeowners insurance premiums by an average of 34% starting in November — the largest rate increase this year amid the state’s insurance crisis. The sixth-largest homeowners insurer in the state, …
Thursday marks the beginning of summer, but early wildfires have already scorched the outskirts of L.A. and the Bay Area. While the giant wildfires of 2017 and 2018 had a huge impact, requiring insurers to pay claims equivalent to more than 20 years of profits, the state’s insurance problems predate the fires. California’s failure to update the old rules governing …
