California homeowners face insurance crisis

California homeowners face insurance crisis after fire losses
In the months leading up to the recent fires, 1,600 homeowners in California had their fire insurance policies dropped by private insurers due to high fire dang
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 Angeles area wildfires are passed onto them in a way that was not allowed in the past.
California issues new mandate that will have a major impact on homeowners' insurance: 'This is a historic moment'
"Californians deserve a reliable insurance market that doesn't retreat from communities most vulnerable to wildfires and climate change." California issues new mandate that will have a major impact on homeowners' insurance: 'This is a historic moment' first appeared on The Cool Down.
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 home is near a site affected by wildfires.
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 fires.
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 could reach billions, officials said.
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 massive new claims. This comes at a time where some insurers have reportedly agreed to sell new policies in fire prone areas.
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 ...
California Wildfire Investigators Help Victims Begin Recovery Process
Forensic loss eventuation company California Wildfire Investigators specializes in wildfire damage assessment, helping ...
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 Adds More ZIP Codes to Insurance-Cancellation Ban
California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as ...
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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.
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Denied Homeowners Insurance? Here's How to Get the Coverage You Need
If you live in a high-risk area prone to wildfires or hurricanes, then securing your property can be difficult.
California Wildfires Threaten Home Values Across State, S&P Says
Home values throughout California could face downward pressure following the Los Angeles-area wildfires as increases in ...
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 ...