Browsing: California

California’s home insurance plan of last resort faces a cash crunch due to increased wildfire claims, leading to a $1 billion assessment on private insurers.

As extreme weather events become more frequent and severe, California homeowners are losing their insurance coverage, leading to an escalating crisis.

Governor Newsom unveils stronger accountability measures to ensure local governments make progress in addressing homelessness with an additional $920 million in funding.

State Farm has paid over $1 billion in wildfire claims, but anticipates significantly higher payouts, potentially impacting millions of California policyholders due to financial strain and credit rating downgrades.

The California Court of Appeal reversed a lower court’s decision, ruling that ACE American Insurance Company did not waive its right to arbitration in a class action lawsuit.

Legislative efforts aim to stabilize the property insurance market through expanded coverage, moratorium extensions, and community hardening initiatives.

A business owner whose building was destroyed in the Eaton Fire is navigating the complexities of business insurance. Experts explain why maintaining coverage is crucial even after a loss.

California’s insurance commissioner will meet with State Farm to discuss the company’s request for a substantial emergency rate increase to cover wildfire costs.

An analysis of rising home insurance costs in California and other states, driven by wildfires and other factors, and the impact on homeowners.

An analysis of how California’s Proposition 103, particularly the role of intervenors, continues to impact the state’s insurance market, suppressing rates and distorting risk assessment.