Extension of Foreclosure Moratorium for Los Angeles Fire Victims

The Trump administration is extending a foreclosure moratorium for an additional 90 days to victims of the Los Angeles fires. The foreclosure moratorium will apply to loans insured by the Federal Housing Administration (FHA).

State Farm's Response to Los Angeles Fires

Ambassador Ric Grenell requested a meeting with the CEO of State Farm to discuss the company's response to the Los Angeles fires, including the cancellation of policies and requiring detailed lists of personal possessions. State Farm has been giving policyholders 50% coverage for personal property losses, but requires extensive lists for full coverage, causing trauma for fire victims. State law requires a minimum of 30% coverage before full itemization. Some insurance companies have pulled business out of California due to price controls imposed by the state. State Farm began canceling fire insurance policies before the fire, prompting calls for them to make loyal customers whole.

Rick Caruso's Non-Profit Organization 'Steadfast L.A.' to Aid in Rebuilding Communities After Los Angeles Fires

Developer Rick Caruso launched a non-profit organization, 'Steadfast L.A.,' to help rebuild communities affected by recent fires in the Los Angeles area, focusing on private sector involvement. The organization aims to expedite the rebuilding process by leveraging expertise and resources from business and civic leaders.