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State Farm, California’s largest insurance company, this week urged the state to approve an emergency rate hike of 22% for homeowner policies starting in May after processing nearly 8,700 claims ...
The wildfires in Southern California this month, and the hurricanes in the Southeast United States late last year, could end up raising homeowners insurance rates in the near future, even for ...
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program has renewed focus on the challenges the industry faces in a market ...
SACRAMENTO, Calif. (AP) — California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires ...
A single wildfire disaster could impose a surcharge of close to $1,000 on every Californian with home insurance coverage, Consumer Watchdog, a nonprofit advocacy group, told state lawmakers in March.
The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more ... California does have an insurance program under the Fair Access to Insurance ...
More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California FAIR Plan. That’s enough to kick the plan ...
California’s insurance commissioner issued a one-year moratorium on policy nonrenewals and cancellations in areas affected by devastating wildfires in and around Los Angeles. “I am using my ...