Browsing: California

The California Department of Insurance announced in February 2025 that an insurance fraud ring allegedly targeted car accident victims.

Senate Bill 1217 brings increased transparency to California’s pet insurance market, mandating clearer disclosures and consumer protections.

A town hall in Goleta addressed residents’ concerns about wildfire risks and home insurance costs in the wake of devastating fires.

Despite the state’s vulnerability to various types of flooding, a surprisingly small percentage of California homeowners carry flood insurance compared to other states.

Chief Financial Officer Mark Schwamberger announced the company’s continued state-by-state operational strategy following a year of financial recovery and ongoing discussions with California regulators regarding proposed rate increases.

Despite having a significant share of the nation’s housing stock, California’s flood insurance coverage lags behind the national average, according to recent data.

Despite potential flood risks, a relatively small percentage of California homeowners carry flood insurance, leaving many vulnerable to water damage.

Devastating Los Angeles fires exacerbate California’s insurance woes, testing the state’s plan to stabilize the market and increasing the financial strain on the insurer of last resort.

After reporting a significant profit and navigating controversy over potential policy drops in California, State Farm’s CFO outlines the company’s operational strategy.

As homeowners rebuild after devastating wildfires, disparities in insurance coverage highlight a growing crisis across the United States.