Archive for February 2025
Rising Break-Ins in Los Angeles: How Small Businesses Can Protect Themselves
Rising Break-Ins in Los Angeles: How Small Businesses Can Protect Themselves Los Angeles has recently seen a troubling surge in break-ins targeting small businesses, leaving owners facing significant financial burdens and security concerns. From West Hollywood to South Los Angeles, these incidents have become increasingly frequent, underscoring the need for better security, awareness, and…
Read MoreWhat Happens to Your Insurance Policy After a Fire?
What Happens to Your Insurance Policy After a Fire? Tom B. who lost his building in Altadena during the Eaton Fire, he was left with a big question: What happens to his business insurance policy now that his building is gone? Tom B. who was insured with State Farm for decades, called his agent as…
Read MoreAging Rock Stars Touring Without Insurance
Aging Rock Stars Touring Without Insurance as Costs Soar As legendary rock stars continue to tour well into their later years, many are opting to forgo insurance due to skyrocketing costs. According to The Telegraph, the price of insuring against concert cancellations due to health issues rises significantly with age, making it an unaffordable…
Read MoreCalifornia FAIR Plan Approves $1 Billion Assessment for Wildfire Claims
California FAIR Plan Approves $1 Billion Assessment for Wildfire Claims California Insurance Commissioner Ricardo Lara has approved a $1 billion assessment on admitted market insurers to help cover claims from the Los Angeles wildfires. The assessment, requested by the California FAIR Plan, is the first in more than 30 years and aims to strengthen the…
Read MoreAI, Cyberattacks & Extreme Weather: Top Insurance Risks for 2025
AI, Cyberattacks & Extreme Weather: Top Insurance Risks for 2025 A new risk forecast from global insurance law firm Kennedys highlights AI adoption, cyberattacks, and extreme weather as the top risks impacting insurance markets in 2025. The survey, conducted across 17 countries, also flagged geopolitical instability, economic volatility, and social inflation** as major concerns. AI…
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