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The average cost of homeowners insurance in the state is $1,250 per year, or about $104 per month. That's less than the national average of $1,915, according to Nerdwallet. The average cost for a ...
The rule will require home insurers to offer coverage in high-risk areas, something the state has never done, Insurance Commissioner Ricardo Lara's office said in a statement.
That would mean, for example, an insurer with a 10% share of the state's homeowners insurance market would have to cover 8.5% of the homes in riskier neighborhoods as identified by the department ...
(The Center Square) - California homeowners may face noticeable insurance rate hikes under new rules finalized by state regulators that allow property insurers to use complex climate algorithms ...
The deal is part of a series of proposed changes to state law promoted by Insurance Commissioner Ricardo Lara as a way to stabilize California’s tumultuous market. Homeowners have seen a rapid ...
The hikes would come from a potential assessment likely to be levied by California FAIR, the program set up by the state as the insurer of last resort for homeowners whose fire insurance has been ...
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