Browsing: Insurance Crisis

As extreme weather intensifies, voters nationwide are increasingly concerned about rising property insurance costs and want government intervention to protect consumers

Two law firms sue California’s largest insurers, alleging they colluded to drop customers and stop writing policies, pushing homeowners to the FAIR Plan.

California homeowners pay some of the lowest insurance rates in the US, but this affordability masks a deepening crisis in the state’s insurance market.

New Mexico faces a potential property insurance crisis as over 23% of homeowners lack insurance coverage, nearly double the national average.

A consumer group has filed a lawsuit against California Insurance Commissioner Ricardo Lara to prevent insurers from passing on $500 million in FAIR Plan losses from Los Angeles wildfires to policyholders.

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.

Faced with an ongoing insurance crisis, some California homeowners are finding a path to retain coverage by meeting ‘Wildfire Prepared’ standards.

An analysis of the current insurance challenges in Florida, including proposed legislation and the struggles faced by residents.

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.

As wildfires continue to devastate California, homeowners face an increasingly precarious insurance landscape, with rising costs, policy cancellations, and reliance on last-resort options.