California

Recent wildfire updates include the Federal Housing Authority's waiving of quality-control reviews and the upheaval of the state's commercial real estate space.

Insurers had already doled out more than $12 billion to pay for wildfire damages as of early March, according to California state officials.

The measure applies to mortgages closed in the months prior to the Southern California wildfires, which are now experiencing early-stage distress.

Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.

As climate change causes more frequent disasters, more mortgages are at risk of going underwater. How can banks limit their exposure?

When a house is lost, so is much of the collateral on the mortgage. Here's how both lenders and homeowners can bounce back.

State Farm's "emergency" rate increase request was rejected by California's insurance commissioner.

Portfolio enhancements and diversifications cushion the impact of the L.A. wildfires from RMBS losses.

Banks and credit unions also extended financial relief to Californians affected by the fires, which have killed 28 people and burned thousands of homes.

It's not an unthinkable notion. There have been a handful of attempts at systematically moving populations away from regions severely affected by climate change.