Browsing: California insurance crisis

A recent emergency rate hike for State Farm in California highlights the state’s long-standing issues with insurance regulations and the consequences of artificially suppressing rates.

Many California homeowners are facing challenges in finding insurance policies as several companies have stopped or restricted coverage in the state.

In response to the recent California wildfires and ongoing insurance crisis, lawmakers are introducing various bills to address issues with the FAIR Plan and insurance premiums

Consumer Watchdog’s lawsuit against California Insurance Commissioner Ricardo Lara has raised concerns about the stability of the state’s homeowner insurance market, potentially exacerbating an existing crisis in fire-prone regions.