California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
The Washington Post25d
California isn’t the only place where insurers are dropping homeowners
It also has asked for help with other obstacles it says leads to dropped policies, such as fraudulent claims. California was in the middle of updating its insurance regulations when the wildfires ...
Oregonian14d
California fires show states’ ‘last resort’ insurance plans could be overwhelmed
property insurance companies dropped coverage in many neighborhoods of the city, citing the growing wildfire risks caused by ...
ABC75d
Fire-ravaged LA areas faced high non-renewal rates for home, fire insurance before disaster struck
nearly 2% of California policyholders for residential or fire insurance had non-renewed policies. That could be because customers were dropped by their insurance company, or they dropped their ...
University of California27d
What’s next for home insurance in California after the Los Angeles fires?
Citing perilous risks in residential areas primed to burn, insurance companies in recent years have dropped hundreds of thousands of policies, leaving California residents scrambling for coverage.
CBS News23d
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch. An analysis ...
CBS News27d
As climate risks mount, homeowners far beyond California face soaring insurance bills
We were in an area that they couldn't provide insurance to any longer," Jeff Cohen, whose Altadena, California, home was burned in this month's fires, told CBS News about being dropped by his ...