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    Ventura NWS weather catastrophe

    Suspected Tornado Wreaks Havoc at Oxnard Mobile Home Community

    February 14, 2025 • 1 min read

    A powerful wind event, possibly a tornado, caused significant damage to multiple homes at Ocean-Aire Mobile Home Estates in Oxnard during a severe storm. The incident left residents without power and adds to recent weather-related challenges facing mobile home communities in Southern California.

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    FAIR Plan Southern California catastrophe insurance

    California FAIR Plan Seeks $1 Billion to Cover Los Angeles Wildfire Claims

    February 13, 2025 • 1 min read

    California's insurer of last resort requests unprecedented $1 billion in funding to cover claims from devastating LA wildfires that killed 29 and destroyed 17,000 structures. The FAIR Plan's policyholder base has doubled since 2020 as private insurers retreat from high-risk areas.

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    insurance Palisades FAIR Plan catastrophe

    Los Angeles Wildfire Insurance Claims Surpass $4 Billion as Recovery Continues

    February 01, 2025 • 1 min read

    Insurance companies have distributed $4.2 billion in claims to survivors of devastating Los Angeles County fires, with over 31,000 claims submitted. The Eaton and Palisades fires rank among California's most destructive wildfires, prompting insurance workshops and advance payment options for affected residents.

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    Palisades Southern California catastrophe wildfire

    Southern California Wildfires Set to Become Nation's Costliest Natural Disaster at $250+ Billion

    January 25, 2025 • 1 min read

    Recent devastating wildfires across Southern California are projected to cause unprecedented economic losses between $250-275 billion, surpassing Hurricane Katrina as the most expensive U.S. natural disaster. The fires have claimed 28 lives, forced mass evacuations, and destroyed thousands of high-value properties in affluent areas.

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    insurance California State Farm catastrophe

    California Overhauls Insurance Rules to Rescue Struggling Home Coverage Market

    December 15, 2024 • 1 min read

    California implements major regulatory changes allowing insurers to use forward-looking catastrophe modeling for rate-setting, aiming to stabilize the troubled home insurance market. The reforms have already attracted major providers like Farmers Insurance back to the state, with more market activity expected by 2025.

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