#insurance-shortfalls

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California
fromwww.bostonherald.com
4 days ago

A year after LA-area wildfires destroyed thousands of homes, fewer than a dozen have been rebuilt

Reconstruction after Jan. 7, 2025 Palisades and Eaton fires is extremely slow: fewer than a dozen homes rebuilt amid massive destruction and insufficient insurance payouts.
fromThe Mercury News
3 months ago

The Southern California wildfires destroyed 11,000 homes. Less than 10% have permits to rebuild

The TV and stage director had remodeled his Malibu home just five years earlier and had city-approved blueprints in hand, with the same architect set to oversee reconstruction. Yet eight months after the Palisades Fire destroyed almost 600 Malibu houses, the city has issued only two rebuilding permits. Weyman needed geological tests to ensure the stability of his bluff-top lot. Construction costs are roughly double his insurance coverage.
California
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