California’s insurance is in crisis. The solution will cost ... - CNN
Jan 9, 2025 · Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California …
An economist wants to fix California home insurance crisis - NPR
4 days ago · This ballot initiative, which was narrowly approved by California voters in 1988, required insurance companies to get rate hikes approved by the California Department of …
California fires: insurance companies fleeing the state due to …
Jan 9, 2025 · California's insurance crisis is expected to get even worse after the devastating wildfires raging in the state, and experts say a decades-old law plays a significant role in why …
California fires show states’ ‘last resort’ insurance plans could be ...
Jan 16, 2025 · At present, the California plan has about $377 million available to pay claims, with another $5.75 billion in reinsurance, The New York Times reported. In a news release, FAIR …
California Commissioner Issues Regulation to Allow Reinsurance …
Dec 30, 2024 · California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market …
State issues new rule to help fix California's troubled home insurance …
Dec 30, 2024 · The state released another regulation Monday aimed at easing California’s home insurance crisis that will allow insurers to charge homeowners higher premiums to protect …
Why are State Farm and others leaving California's home insurance ...
Mar 29, 2024 · Major insurers have pulled back from California's homeowners market, citing wildfires, inflation and other challenges. But there are steps at-risk homeowners can take now …
Newsom takes on insurance crisis with controversial new bill
May 30, 2024 · As the state has faced a dramatic exodus of insurance companies—with some pausing new policies and others pulling out of California entirely—Newsom and state …
California hopes to lure insurance companies back with extreme ... - NPR
Jun 26, 2024 · Insurance companies have dramatically pulled back from offering homeowners policies in California. That's tied to inflation and wildfires fueled by climate change and …
Things to know about California's new proposed rules for insurance ...
Sep 28, 2023 · SACRAMENTO, Calif. (AP) — Months after California’s home insurance market was rattled by major companies pausing or restricting their coverage, the state’s top regulator …