Affected by the Wildfires in Southern California? You Might be Safe From Home Insurance Cancellations Through 2026
A recent moratorium now protects California policyholders from losing home insurance coverage for at least one year if their ...
New insurance rules mean homeowners throughout California are likely to pay more after fires
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los ...
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
California moratorium on insurance cancellation in LA fire zones expanded by state commissioner
The California insurance commissioner expanded the emergency protections covered by his recent moratorium for Southern ...
California Senate Insurance Committee still without leader amid corruption probe, insurance crisis
As California faces the largest insurance crisis in the state's history, there is still no leader of the state Senate Insurance Committee. Half committee members are new to the committee, the ...
California’s home insurance prices set to soar
Note that policy costs in these high-risk states, minus California, averaged $5,040 – roughly 150% more than Golden State prices. And the 48-state average policy of $3,200 is 50% above California’s ...
California’s Insurance System Faces Crucial Test as Losses Mount
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
Will California insurance reforms be enough to stop insurers from leaving?
California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts ...
I’m an economist. Here’s why I’m worried the California insurance crisis could trigger broader financial instability
Central bankers agree that climate change poses a threat to the financial system. An insurance crisis is exactly the kind of ...
How California’s catastrophic wildfires are inflaming the state’s insurance crisis
The wildfires scorching Southern California are turning entire neighborhoods into ash, decimating expensive properties and ...
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Puri | California’s home insurance crisis demonstrates the folly of direct democracy
A 1988 ballot proposition that suppresses premiums has forced the state’s insurance markets to burn alongside Los Angeles, Puri writes.
Southern California wildfires highlight home insurance industry
The wildfires in Southern California have put a spotlight on the home insurance industry. Companies are being confronted with ...