Pacific Palisades fire may spell an end to cheap homeowners insurance in California

Real Estate

LOS ANGELES: The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighbourhoods in the US, home to Hollywood A-Listers and multimillion-dollar mansions. And ahead of this week's disaster, its insurance costs were among the most affordable in the country, according to a Reuters analysis of insurance and real estate industry data. That may be about to change. The scale of losses anticipated in the wildfires now ringing Los Angeles, as well as regulatory

Tag-uri: Real Estate

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