Hollywood stars are picking up the pieces after discovering their affluent neighborhood was reduced to ash and rubble when the California wildfires tore though Pacific Palisades.
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.
Allianz PNB Life, the joint venture between the Philippine National Bank and international insurance provider Allianz, reported a 47-percent jump in earnings in the third quarter of the year.