Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion. Fox Business Personal Finance ...

According to the California Department of Forestry and Fire Protection, 2022 saw more than 7,490 wildfires and more than 362,455 acres burned across the state, resulting in nine fatalities.

Allstate Insurance says it will pay out $1.1 billion in claims caused by the wildfires that swept through Southern California in January.. While the expected payout is significant, Allstate said ...

Prepare for California wildfire season after State Farm and Allstate halt new home insurance policies. Explore alternative coverage options and wildfire safety measures.

California Gov. Gavin Newsom, left, and Nevada Gov. Steve Sisolak talk as they tour destroyed home by wildfires near where the Tamarack Fire ignited earlier in July in Gardnerville, Nev ...

State Farm and Allstate have backed out of insuring new homes against wildfires in California. A Stanford University climate and energy expert explained why this may be happening.

As for AllState, the full impact of the California wildfires are yet to be realized. The $1.1 billion number given out is just a preview released as part of AllState’s fourth quarter results.

Allstate got the nod to jack up homeowners’ insurance rates across the state by more than a third in areas prone to wildfires. ... Allstate to hike home rates in California wildfire areas by 34%.

Insurers struggle to calculate wildfire risk. Allstate commanded more than 10% of all the homeowners’ insurance policies in California when it made a momentous decision in 2007: It would no ...

By Chris Isidore, CNN. New York (CNN) — Allstate Insurance says it will pay out $1.1 billion in claims caused by the wildfires that swept through Southern California in January.