Feb 25, 2025 | Housing, Safety
By Megan Fan Munce
Feb 25, 2025
State Farm General, California’s largest home insurer by far, estimates it will pay $7.6 billion to survivors of the Los Angeles wildfires. The staggering figure is the highest loss estimate of any insurer so far, which makes sense due to the size of the company and its exposure: A Chronicle analysis of policy data found that State Farm insured more households in and around the fire perimeters than any other company. It’s already paid $1.75 billion to policyholders.
Feb 12, 2025 | Safety, Housing
By ETHAN VARIAN
UPDATED: February 12, 2025
Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after it ran out of money to pay claims arising from the devastating Los Angeles wildfires.
State regulators announced this week that they will allow the program, known as the FAIR Plan, to collect $1 billion in emergency payments from private insurers — who are expected to pass a significant portion of those costs on to policyholders across the state.
Jan 14, 2025 | Housing, Opinion, Safety
Posted by: Zelda Bronstein –
January 14, 2025
“California will force Malibu and other towns to add housing. Here’s why that’s not nearly enough.”
So reads the headline on an op-ed published by the Los Angeles Times on May 5, 2024. The authors are Paavo Monkkonen, a professor of urban planning and public policy at UCLA, and Aaron Barrall, a housing data analyst at the UCLA Lewis Center for Regional Policy Studies. Monkkonen is one of the most vocal advocates of the Yimby build-baby-build agenda.
