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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 ...
Compared to home values, the average statewide premium in 2023 was the lowest among all 50 states, according to the Reuters analysis. California’s high property values may make that insurance ...
Asked about potential surcharges California homeowners might have to pay in ... California Insurance Commissioner Ricardo Lara recently ... They can also call 800-339-4099 if they run into issues.
It found that the insurer with the most direct homeowners insurance premiums written in California in 2023 was State Farm, which accounted for over $2.7 billion in written premiums for residences ...
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 wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is ...
From 2012 to 2021, home insurers in California lost money on underwriting and insurance transactions, while nationwide average profit margins on those deals were 3.6% to 4.2%, respectively.
A family in San Carlos, California, is facing an impossible decision: spend more than $40,000 to remove a nearly 500-year-old heritage white oak tree in their backyard or find new homeowners ...