Devastation could result in fewer coverage options for homeowners, with higher prices based on recent reforms.

The long-term picture for the insurance industry is brighter. Through the past five years of hurricanes and fires, insurance ...

The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.

NEW YORK: Wall Street’s main indexes fell on Friday, with the S&P 500 touching a one-week low after an upbeat jobs report ...

U.S. stock index futures slipped on Friday ahead of a crucial labor market report, at a time when concerns around inflation ...

Pressuring stocks, the yield on the 30-year Treasury note rose over 5% - its highest since November 2023, while Wall Street's ...

Mercury General Corporation is expecting losses from the Los Angeles wildfires to exceed its insurance retention level of ...

Shares of insurance companies, including Mercury General, Lemonade, and Kemper, fell Friday as investors assessed their exposure to the wildfires raging through Southern California.

Shares of banks and other financial institutions fell as fears about a spike in Treasury yields and the Californian wildfires weighed. The 10-year Treasury yield, a benchmark for a range of consumer ...

"We expect insured losses to run well into the billions of dollars, given the high value of homes and businesses in the ...

The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a ...