JOURNAL ARTICLE

LA Fire Survivors Got a Rude Surprise That Could Hit More Americans.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kaufman, Leslie 3 of 3

Abstract

The article focuses on the issue of underinsurance among homeowners in the United States, particularly in the wake of disasters like the Los Angeles wildfires. Many survivors are finding that their insurance policies do not provide sufficient funds to cover rebuilding costs, a problem exacerbated by climate change and rising construction expenses. Research indicates that a significant portion of homeowners, particularly in wildfire-prone areas, are underinsured, often by substantial amounts. Advocacy groups and experts suggest that a return to guaranteed replacement cost policies could alleviate this issue, but challenges remain due to market dynamics and affordability concerns. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2026
  • Accession Number:190940369
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