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	<title>reinsurance &#8211; Canyon Crest Guide Local News</title>
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		<title>State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will cut losses</title>
		<link>https://canyoncrestguide.com/state-farm-says-it-will-pay-7-6-billion-for-l-a-fires-but-reinsurance-will-cut-losses/</link>
		
		<dc:creator><![CDATA[Tony Ramos]]></dc:creator>
		<pubDate>Wed, 26 Feb 2025 09:29:02 +0000</pubDate>
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		<guid isPermaLink="false">https://canyoncrestguide.com/state-farm-says-it-will-pay-7-6-billion-for-l-a-fires-but-reinsurance-will-cut-losses/</guid>

					<description><![CDATA[[ad_1] State Farm General, California’s largest home insurer, estimated Tuesday that it will cost $7.6 billion to settle its Los Angeles-area fire claims, but it said reinsurance will lower its losses to about $612 million. The company disclosed it has already paid $1.75 billion to cover about 9,500 claims and will be able to handle [&#8230;]]]></description>
		
		
		
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		<title>California&#8217;s Fair Plan may need a bailout after the L.A. fires</title>
		<link>https://canyoncrestguide.com/californias-fair-plan-may-need-a-bailout-after-the-l-a-fires/</link>
		
		<dc:creator><![CDATA[Tony Ramos]]></dc:creator>
		<pubDate>Sat, 18 Jan 2025 23:38:29 +0000</pubDate>
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					<description><![CDATA[[ad_1] The California FAIR Plan Assn., the state’s property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history. The Watts riots in 1965 damaged or destroyed more than 600 buildings, causing insurers to flee and highlighting the need for [&#8230;]]]></description>
		
		
		
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		<title>Need some renters insurance? Be prepared to pay more.</title>
		<link>https://canyoncrestguide.com/need-some-renters-insurance-be-prepared-to-pay-more/</link>
		
		<dc:creator><![CDATA[Tony Ramos]]></dc:creator>
		<pubDate>Sat, 28 Dec 2024 11:47:46 +0000</pubDate>
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		<guid isPermaLink="false">https://canyoncrestguide.com/need-some-renters-insurance-be-prepared-to-pay-more/</guid>

					<description><![CDATA[[ad_1] After renovations forced Monique Gomez to move out of her Westside apartment, the tenant of four years was surprised to learn she would have to find another company to sell her renters coverage. Her insurer, State Farm General, stopped writing new property policies last year, and she was told that even though she was [&#8230;]]]></description>
		
		
		
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