Online Tracker shows insurance payments for survivors of fires

A new online tool It tracks insurance payments derived from fires that destroyed parts of Los Angeles County shows that more than $ 4 billion has been paid so far, largely to replace lost personal items and cover living costs.

California Insurance Commissioner Ricardo Lara advertised The new tracker Thursday.

Lara’s office said insurance companies have made The quick payouts As fires largely because of laws implemented after previous fires help people find housing and replace personal items.

Monetary amounts shown on the tracker are expected to grow in the coming weeks and months when more people begin the requirement process.

Corelogic, a property data and analysis company, estimates palisades, and Eaton Fires will result in $ 35 billion to $ 45 billion In insurance payments to homeowners and businesses.

“With so much wrong information and speculation about our insurance market after the Southern California fire, it is critical to the public to track claims and monitor payments. All eyes are on the insurance companies, and so are mine, ”Lara said in a news message.

The figures show that per January 27. 31,210 claims have been filed, with almost half of those who are already partially paid in accordance with the laws that require pre -payments for rapid recovery.

The majority of unpaid requirements are related to property damage and waste removal, Lara’s office said.

State law requires certain pre -payments upon request. Insurers are required to provide funds For replacing personal property In an amount representing 30% of the Politics Housing Limit, up to $ 250,000, without requiring the policyholder to submit a specified claim. They are also required to give advance on no less than four months of living costs.

Lara said he expects insurance companies “to continue to deliver advance payments that are important to get survivors back on their feet as soon as possible.” Following reports that some people did not receive pre -payments, Lara sent out a bulletin who reminded the insurance companies of their obligations under the laws.

Michael Soller, a spokesman for the Insurance Commissioner, said that data was formed explicitly for the purpose of promoting understanding among consumers, that the requirements are immediately paid and holding insurance companies responsible.

“You’ve probably seen estimates out there. But this is the first real number of what has been paid out to date for consumers, ”Soller said.

The data shown on the tracker was collected directly from insurance companies, including California’s fair plan, the State Insurance Company for the last resort and represents most insurance companies and commercial properties. The insurance commissioner’s office expects to update the data every few weeks.