Allstate, one of the largest US insurance companies, has joined State Farm in no longer accepting new applications for homeowners insurance in California, citing catastrophic events like natural ...
This year has been particularly hard for the state due to a devastating combination of storms, floods, drought, and fire.
The effects of climate change have complicated home insurance for Californians, leading some companies to flee the state. But a new deal is now encouraging those same insurers to return.
The state’s insurance commissioner called the package of new proposed regulations “the largest insurance reform” since 1988.
The deadline for a deal to address the home insurance market came and went in the California Legislature, but the problem ...
Unlike most states, California heavily regulates its property insurance market. In 1988, California voters approved ...
California will now let insurance companies consider climate change when offering policies, in exchange for a mandate ...
Even as insurers flee California, lawmakers couldn't hammer out a deal to fix the collapsing market. Inaction will only make ...
Despite agreement that the California insurance market needs fixing, legislators weren’t able to find a compromise this ...
San Francisco might not be the only California colossus in a so-called “doom loop.” The property and casualty insurance ...
California’s insurance commissioner announced a new regulatory plan backed by the industry that would allow insurers to ...
Your home insurance company needs to know how likely you are to file a claim to decide how much to charge you, or whether to ...