Browsing: California

As wildfires become more frequent and severe due to climate change, California homeowners are struggling to find affordable home insurance. Many insurers are withdrawing coverage, leaving residents with limited and expensive options.

California Insurance Commissioner Ricardo Lara addressed concerns about the state’s insurance market during a recent Assembly committee hearing, defending his trip to Bermuda for meetings with reinsurers.

Sixteen people have been arrested in connection with an alleged auto insurance fraud scheme that preyed on accident victims, according to the California Department of Insurance.

Insurance Commissioner Ricardo Lara is quietly working to address California’s insurance challenges, including the fallout from wildfires and the impact of Proposition 103.

State Farm receives preliminary approval for a 22% home insurance rate increase, subject to conditions and public scrutiny, as California’s insurance market struggles with wildfire risks.

California Insurance Commissioner Ricardo Lara approved a plan to increase temporary fees for most California home and fire insurance customers.

California regulators approve a preliminary rate increase for State Farm, but with stipulations regarding customer non-renewals and financial transparency.

A new study examines how insurance companies price wildfire risk and how different strategies can impact premiums, potentially explaining the rising cost of homeowners insurance.

California Insurance Commissioner Ricardo Lara has approved State Farm’s request to increase home insurance premiums, contingent upon the company meeting certain conditions and winning approval at a public hearing.

The Woodlands Financial Group (TWFG) is expanding its reach, finding new market opportunities and navigating challenges in the property insurance sector, according to CEO Gordy Bunch.