‘Insufficient funds’ delay State Farm wildfire check for nearly $900K
The California Department of Insurance has opened an investigation into the case amid broader concerns about the insurer’s claims handling.
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New California wildfire homeowner assistance program includes reverse mortgages
A disaster recovery program in California includes help for forward and reverse mortgage borrowers, drawing praise from reverse professionals.
Study suggests banks are avoiding mortgages in California wildfire zones
The study is awaiting peer review, but it suggests fintech lenders could be taking market share from traditional lenders in riskier areas.
California wildfire recovery event sought to offer guidance to reverse mortgage borrowers
A recent event aimed to offer reverse mortgage borrowers impacted by the LA-area wildfires a direct avenue to assistance programs.
Los Angeles County event will assist reverse mortgage borrowers with wildfire recovery
Impacted reverse mortgage borrowers in Los Angeles County can find assistance and resources at the event in Altadena.
Trump’s special envoy says California wildfire aid will come with conditions
Richard Grenell, the special envoy to President Donald Trump, said there will be strings attached to California wildfire aid, Politico reported on Friday.
California insurance commissioner rejects State Farm’s request for 22% rate increase
On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts.
U.S. home-price growth softens, but the LA wildfires hinder a broader market recovery
Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housing market at the local and national levels.
Here’s another estimate of the financial losses from the LA wildfires
Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to quantify the number of homes destroyed and measure the financial repercussions of the wildfires.
CoreLogic adds aerial imagery partner for post-disaster AI analysis
CoreLogic has integrated Vexcel’s high-resolution disaster response aerial imagery within CoreLogic Weather Insight.