Browsing: California

A State Farm executive was terminated following the release of an undercover video where he discussed the company’s attempts to increase insurance rates in California and criticized residents of fire-affected areas.

Mercury General and Safeco, a Liberty Mutual subsidiary, are set to increase home insurance rates in California later this year, impacting over 660,000 policyholders.

The ongoing home insurance crisis in California is now impacting newly constructed homes in areas outside of high-fire-risk zones, posing challenges for developers and homebuyers.

Worsening wildfires driven by climate change are causing home insurance rates to skyrocket in California, with other states feeling the pressure, too. Here’s how climate change is reshaping home insurance in California and across the U.S.

California Insurance Commissioner approves a $1 billion assessment to the FAIR Plan, the state’s insurance safety net, in light of recent wildfires.

The role of wholesale insurance brokers is growing in significance as standard carriers pull back from certain markets, particularly in high-risk areas such as California.

Uber is lobbying for insurance reform, arguing that high state-mandated insurance requirements are increasing costs for drivers and passengers in states such as California and New York.

In response to recent wildfires and broader insurance challenges, California legislators are proposing various bills to address the state’s insurance crisis, focusing on the FAIR Plan, consumer protections, and potential fossil fuel company liability.

Following devastating fires, state legislators are seeking solutions to the ongoing home insurance issues in California, including reforms to the FAIR Plan and new consumer protections.

Consumer groups are urging the California Supreme Court to reconsider a recent appeals court decision that could limit insurance coverage for wildfire debris damage.