@cbsnews: California Insurance Commissioner Ricardo Lara has issued a one-year moratorium on insurance non-renewals and cancellations for those impacted by the Palisades and Eaton Fires in Los Angeles, regardless of whether they suffered a loss. The moratorium comes after CBS News learned that about 1,600 policies in Pacific Palisades were dropped by State Farm in July. An analysis of insurance data by CBS San Francisco last year found that State Farm also dropped more than 2,000 policies in two other Los Angeles ZIP codes, which include the Brentwood, Calabasas, Hidden Hills and Monte Nido neighborhoods. #losangeles #la #wildfires #insurance #homeinsurance #california

cbsnews
cbsnews
Open In TikTok:
Region: US
Friday 10 January 2025 17:11:37 GMT
12740857
673017
29410
56940

Music

Download

Comments

srapterez
srapterez :
It should be a permanent moratorium
2025-01-10 19:34:00
8201
michaeldmcgrath
mdmesq :
So you CAN exercise some regulation in the insurance industry to help consumers 🤔
2025-01-10 17:58:53
167053
bshelton0600
Brandon Shelton :
When did Oscar De La Hoya get elected in LA?
2025-01-12 00:55:55
4
bradimus.rex
brad plauche :
insurance companies should not be for profit, it's a conflict of interest
2025-01-10 17:29:22
37810
fourthwing1
FourthWing1 :
I think the insurance companies should pay back all premiums ever paid if they feel they can no longer cover you.
2025-01-10 18:48:46
38513
mobamba34
Mo Bamba :
So the government has the power to lower insurance cost + enforce them to pay 🤔🤔🤔🤔
2025-01-10 17:28:22
130038
godtyler13
TheOnlyTyler :
Wait. Wait. Wait. So they could have govern insurance companies to force them to pay out this entire time ?
2025-01-10 18:55:12
39298
officialrobbybobby
Otter Daddy :
Wait a minute. There’s an insurance commissioner!!!???
2025-01-10 18:54:31
31759
true_guru
trueguru :
great there goes our insurance prices
2025-01-10 21:57:12
4
wudyew
wudyew :
Can someone explain what a moratorium is? I went to school in America.
2025-01-10 17:20:36
1719
whosyourmaddy
Mads :
They SHOULD have done this for North Carolina. Disgusted.
2025-01-10 19:52:08
7405
abe.cas
abe.cas :
When rich people lose their house it's when it becomes important? 🤔
2025-01-11 21:14:08
14795
blessedday4all
Listen_Only :
We didn't get this treatment in Hawaii...
2025-01-10 17:23:15
5002
valentinewithlove214
valentine5110 :
My question is, why aren’t they doing this in Tennessee, North Carolina, Georgia, Florida?!?!?!😳
2025-01-10 22:27:37
9184
pizzaanmilk
PizzaAndMilk :
Should be retroactive for one year
2025-01-10 17:23:56
5188
jashowlop
Jason8chel :
this guarantees when the moratorium is over all insurance policies will be leaving.
2025-01-10 18:54:18
127
hellokat5254
Kat C :
How about Maui and North Carolina?
2025-01-11 03:24:01
1688
sar12044
12044 :
This should be the beginning of insurance companies being regulated, both health & property insurance. Clearly they can so we shouldn’t let politicians get away with saying there’s nothing they can do
2025-01-10 20:31:52
7119
ajayrochester
AjayRochester :
Luigi watching these insurance ceos like 👀
2025-01-11 06:42:52
3059
corrinesloss599
Corrine Sloss599 :
it take 3 years to get permits to even clean and rebuild..a year moratorium means nothing
2025-01-10 17:28:42
450
rat_apocalypse
RatApocalypse :
This is leadership
2025-01-10 17:21:18
2181
ausetchione
Kela427 :
He said within the 90 days. Most cancellations happened 4 to 6 months ago. If I know that, here n NYC, he knows that.
2025-01-10 17:27:40
2705
jake_musumeci
JakeMusumeci :
WHAT IS THE POINT OF INSURANCE
2025-01-10 17:27:50
1973
jairreal49
LGSalsero :
So NOW that celebrities and other rich people with multiple properties have lost their investments in LA this becomes an important topic to fix?
2025-01-10 20:42:34
1263
To see more videos from user @cbsnews, please go to the Tikwm homepage.

Other Videos


About