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Gov. Gavin Newsom’s administration released a highly-anticipated proposal meant to speed up California’s review of price increases for home and automobile coverage that the governor said weeks ...
Californians without any insurers in the area can still purchase the property insurance from FAIR, the state’s insurer-of-last-resort, but high rates and limited property value coverage mean it ...
Citing what it calls a potentially “dire situation,” State Farm on Monday asked California for permission to hike insurance rates by an average of 22%. In the wake of the Los Angeles-area ...
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in ...
In a series of class action lawsuits, uninsured patients alleged that several of California's largest hospital chains imposed exorbitant fees for medical care and engaged in price gouging. Under settlements reached in cases in 2006–2008, almost a million patients received refunds or bill adjustments, and millions more benefited from reduced ...
Here's a look at what California Insurance Commissioner Ricardo Lara proposed and how it would affect the state's insurance market: WHAT ARE THE RULES FOR INSURANCE COMPANIES?
Insurance giants State Farm, AIG, and Allstate have each stopped writing homeowner policies in California because of wildfire danger. According to a report issued Wednesday by JP Morgan, the ...
In April, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. notified the insurance department that they will not renew 12,556 homeowners policies with a premium value of $11.3 ...