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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.
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 ...
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.
Consumer Watchdog, a non-profit group that has previously sounded alarms about FAIR's solvency, warned last year that California homeowners could be on the hook for a $1,000 to $3,700 surcharge ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
According to rates gathered from Quadrant Information Services, the average annual cost of homeowners insurance in the U.S. is $1,428 based on a home with a dwelling coverage limit of $250,000 ...
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Home insurance usually covers your home's physical structure, other structures on your property and your personal belongings and includes a layer of liability insurance. On average, homeowners ...