Browsing: California

A comprehensive overview of the California Department of Insurance’s Sustainable Insurance Strategy, its goals, and its impact on homeowners and the insurance market.

California Insurance Commissioner Ricardo Lara extends emergency protections to include homeowners in areas surrounding the Hughes Fire, offering a critical insurance boost.

New regulations in California aim to provide pet owners with clearer information about insurance coverage and costs, potentially influencing the pet insurance landscape nationwide.

California’s Insurance Commissioner, Ricardo Lara, has denied State Farm’s request for an immediate rate increase following the Los Angeles fires, demanding more information and setting up a potential confrontation.

AM Best’s commentary highlights the increasing challenges in California’s property insurance sector, driven by severe wildfires and insurer pullbacks.

State Farm General Insurance Company provides updated information regarding its financial condition and dealings with the California Department of Insurance in light of recent wildfires and rate requests.

The Second Appellate District of the California Court of Appeal upheld a lower court’s decision that wildfire debris on a property doesn’t constitute “direct physical loss” if no burn damage occurred, impacting homeowner insurance claims.

California Governor Gavin Newsom signs legislation aimed at reforming pet insurance and protecting policyholders.

New legislation aims to stabilize California’s property insurance market by expanding FAIR Plan coverage, extending moratoriums, and establishing a commission to study community hardening programs.

Governor Newsom enacts new measures to help with pet care costs, improve consumer protections for pet insurance, and expand access to low-cost spay and neuter services, addressing overcrowding in animal shelters.