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That would mean that an insurer that has a 10% share of California's home insurance market would have to write 8.5% of the policies in such neighborhoods. The department released preliminary maps ...
In December, California’s sitting insurance commissioner dubbed the combination of exorbitant rates and a dearth of available policies a “crisis.” And now, according to one industry expert ...
Bankrate’s premium data from Quadrant Information Services indicates that the annual average cost of home insurance in California is $1,217 for $250,000 in dwelling coverage, which is about 28 ...
The problem of canceled policies has forced some homeowners to go without fire insurance or to use a program set up by the state — but without taxpayer support — called the California FAIR plan.
The insurance crisis is squeezing homeowners across the state. An aerial view shows the devastation from the Palisades Fire on beachfront homes on January 15 in Malibu, California. - Jae C. Hong/AP
Last year, Francis Bischetti said he learned that the annual cost of the homeowners policy he buys from Farmers Insurance for his Pacific Palisades home was going to soar from $4,500 to $18,000 ...
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