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An aerial image shows homes damaged and destroyed by the Eaton Fire in the Altadena neighborhood of Los Angeles County, California, on January 30, 2025.this winter have brought unfathomable loss to Los Angeles County and marred the new year for many — erasing seaside mansions in the well-heeled Palisades as eagerly as they did less opulent homes in the vibrant historically Black community of Altadena.
To dissuade gouging, though, the state must be aware of it, and oversight capabilities are limited. Citizen reports have proven essential. It certainly helps make a case against gougers that listings on the popular rental site Zillow contain a price history.
It’s not entirely clear who these interests are in every case — but what most concerns Mazariegos and his fellow advocates is the possible intrusion of private equity,for investment purposes. “We’re on guard right now and really monitoring the situation in burned places, and checking in with folks who are organizing on the ground, seeing who’s calling up , to figure out if it’s private equity. That’s one of the things we’re all concerned about.
Some claimants will have riders allowing them to retroactively establish they were not informed that they were underinsured — but those who don’t, Miller added, “are not going to be able to fight their insurance companies, so they’re just going to wind up with not enough money.” There is some chance of state intervention. So far, Insurance Commissioner Ricardo LaraStill, many policyholders, lacking various insurance protections, may also face an insurmountable leap in premiums.
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