Browsing: California

The California Department of Insurance is cautioning drivers about a surge in tow truck scams that involve holding vehicles hostage and demanding large payments.

Following recent wildfires, State Farm’s request for a significant premium increase is denied, leading to a potential confrontation.

State Farm General is requesting an emergency rate increase in California, citing the financial strain caused by recent wildfires and potential future claims.

The recent wildfires in California are increasing the risk of floods, potentially forcing homeowners to pay for expensive flood insurance.

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.