- Severe weather is increasing insurance costs and risk across the residential property market.
- Insurance companies canceled policies due to fire danger.
Fire Risk Drives Insurance Withdrawal and Claim Denial in Los Angeles
1 report, 1 independent
Updated Oct 14
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What happened
Liberty Mutual withdrew fire coverage from Lynn McIntyre. After the Palisades Fire in early 2025, McIntyre filed a claim with the California FAIR Plan, a state-backed insurer of last resort. The FAIR Plan denied coverage for smoke and ash damage to her belongings, offering only payment for a temporary apartment.
From grist.org
Why it matters
This incident reflects a broader trend where severe weather is increasing risk across the residential property market. Insurance companies are canceling policies due to fire danger, which raises overall costs and risk for homeowners.
Insurance companies have been canceling policies due to fire danger, increasing costs and risk across the residential property market.
From grist.org