78,000 California condo owners to see major insurance rate hike
Allstate will raise its average rates for condo insurance by 30%, according to a filing with the California Department of Insurance. Allstate’s approximately 78,000 condo insurance customers in the state can expect to see their rates change at the first renewal date following April 1,
Will Southern California's wildfires drive up Arizona homeowners insurance rates?
Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance costs skyrocketed more than 62%.
This economist survived a wildfire. Now she's taking on California's insurance crisis
An economist's harrowing escape from fire and her big ideas to rescue California from its insurance doom spiral.
California insurance companies have already paid $4.2 billion in L.A. wildfires
Insurance companies have already paid $4.2 billion claims to survivors of the Los Angeles wildfires, according to the California Department of Insurance. The figure, current as of Jan. 27, includes the costs of evacuation expenses and advance payments for lost personal belongings — it doesn’t reflect the additional billions insurers are expected to pay once debris removal and rebuilding begin.
What Southern California wildfire victims can expect from their insurance adjuster
A public insurance adjuster may help negotiate a better insurance payout for residents who lost their homes in the SoCal wildfires.
Could California wildfires increase insurance rates in Florida?
According to industry leaders, California is now dealing with its own insurance crisis as Florida is coming out of theirs.
CA Insurance Commissioner won’t guarantee L.A. fires won’t increase rates elsewhere
The devastating wildfires burning in Southern California could have financial ramifications for residents across the state. California Insurance Commissioner Ricardo Lara Changes confirmed that recent policy changes would allow private companies to pass costs along to all customers in the state if they are asked to cover the costs in 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 ...
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...
Could California's insurance crisis, wildfires trigger broader financial troubles?
California's insurance crisis risks triggering broader financial instability, an expert in economics and the environment ...
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In wake of L.A. fires, former California insurance commissioner recommends policy steps to avoid ‘uninsurable future’
While California has a uniquely unstable insurance market, many of the issues there are increasingly being seen across the ...
Here’s How California Cannabis Businesses Are Handling Wildfire Losses
Of the over 16,000 structures destroyed in the recent rash of wildfires in Southern California, many cannabis businesses were ...
California legislation would allow victims to sue oil and gas companies over disasters
California lawmakers propose legislation that could allow vicims of the devastating Southern California wildfires to sue oil and gas companies.
Covered California open enrollment is nearly over. Buy a 2025 health plan or pay tax penalty
California sets record for health insurance enrollment as state residents take advantage of federal financial help.
Congressional subcommittee to hold hearing about overregulation in California following devastating wildfires
A congressional subcommittee will hold a hearing addressing overregulation in California following the devastating Los ...