California Politicians Now Want Oil Companies, Not Insurers, To Subsidize People Living in Wildfire Zones
For decades, California's byzantine insurance regulations effectively forced insurers to subsidize people living in ...
California nurse says fire insurance on her 90-year-old parents’ home of 75 years was canceled right before LA wildfires — so she stepped up to defend it
Armed with nothing more than a garden house, ER nurse Lynn Levin Guzeman tried to save her parents’ home of 75 years from flames in Hastings Ranch, California. She says the insurance company canceled ...
California senator questioned in FBI investigation is tapped again to lead Insurance Committee
Susan Rubio, a Democrat from Baldwin Park, will refill the vacancy that Senate leaders briefly left open for a few weeks ...
The Bond Buyer1d
Rebooted bill would allow bonds for California's last-resort insurer
The legislation would permit a state government conduit issuer to sell bonds to bolster the last-resort FAIR Plan in the wake ...
Will Southern California's wildfires drive up Arizona homeowners insurance rates?
Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance costs ...
California fires updates: Death toll in Los Angeles fires rises to 29
At least 29 people are believed to be dead and more than a dozen others remain unaccounted for as multiple wildfires rage ...
78,000 California condo owners to see major insurance rate hike
Allstate will raise its average rates for condo insurance by 30%, according to a filing with the California Department of ...
Hosted on MSN12d
California's FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
As the FAIR Plan's liabilities have soared, California Insurance Commissioner Ricardo Lara pushed through a series of reforms ...
California fires show states’ ‘last resort’ insurance plans could be overwhelmed
California residents have switched to a state-backed “last resort” insurance plan that is now facing staggering loss ...
Digital Insurance3d
Essential information for California wildfire survivors
A round up of announcements and actions by the state's insurance regulator, a consumer advocate and an industry trade association.
California insurance companies have already paid $4.2 billion in L.A. wildfires
Insurance companies have already paid $4.2 billion claims to survivors of the Los Angeles wildfires, according to the ...
First the fires, now the fight: Flaws in California insurance plan will test L.A. homeowners
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...