Over $ 4 billion in claims for fire in Los Angeles

By a CalMatters Economy Economy Reporter Levags:

The insurance companies have paid $ 4.2 billion in claims so far to the survivors of the fires in Los Angeles County, the State Insurance Department said on Thursday.

This figure includes housing, business, life costs and other claims related to disasters related to Ethan and Palisades fires, the department said, citing data from insurance companies and the fair plan, which is a set of insurers offering fire insurance Customers who I cannot understand elsewhere because some companies are paused for writing or canceling insurance policies in certain areas at high risk.

The affected property owners have filed 31 210 claims – 14 417 of which are partially paid, the department said.

Part of the meaning of public notification How much has been paid so far So they know that according to the law, the plaintiffs are entitled to some advance funds without having to file detailed claims, said spokesman Michael Soller. For some people, it may be “life changing to know that they know they can get money in front,” he added.

Insurance companies are present at seminars held by the insurance department for fire victims in Santa Monica and Altadan in the last few weeks, Insurance Commissioner Ricardo Lara recently said. “People came out of these workshops with checks in their hand,” he said.

Amy Bach, CEO of United Policy non -profit holders, said her group raises questions and concerns from different customers of the fair plan, which reported both good and bad claim services. “It really depends on the quality of the regulator, which is prescribed and how much they are overloaded,” she said.

Cal Fire has determined the fires of Eaton and Palisades, both of which started on January 7 and are almost fully contained, as the second and third most destructive fires in the history of the country, behind the camp of the camp in 2018. , in which 85 people were killed and destroyed nearly 19,000 structures.

Ethan’s fire in the area of ​​Pasadena died 17 people and destroyed more than 9,400 structures, and the Palisades fire in the Pacific Palisadi killed 12 people and destroyed more than 6,800 structures.