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In 2023, three of California’s major home insurance companies denied claims at a higher rate than what was seen in other parts of the U.S., a new report found.. Questions have swirled about the ...
Three of California's largest home insurance companies declined nearly half of their claims in 2023, well above the national average, according to a ratings agency report reviewed by The Times.
Several insurance companies have stopped offering policies in California or are refusing to renew existing ones in an effort to reduce their financial risk, according to Fox 9 News. However ...
Delay, Deny, Defend is a critical exploration of the property and casualty insurance industry, examining how its practices affect policyholders.Feinman, a law professor specializing in consumer rights and insurance law, argues that the industry prioritizes profits over policyholders' needs, often using tactics like delaying or denying legitimate claims to bolster financial performance.
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance.
Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at ...
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 ...
"Premiums are increasing in fire-prone areas because insurance companies are dealing with more claims and bigger payouts," says Nick Ramirez, a California-based Goosehead insurance agent. "It’s ...