The California Assembly has passed the FAIR Plan Stabilization Act (Assembly Bill 226) in a unanimous 72-0 vote, moving the ...

The Colorado legislature in 2023 approved the Fair Access to Insurance Requirements Plan in response to a growing property ...

California will see the second-biggest rate hikes in the U.S. as a consequence of the Palisades and Eaton fires, a report found.

During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.

Morningstar DBRS estimated insured losses will exceed $30 billion. As of March 5, the California Department of Insurance ...

The Colorado FAIR Plan officially launched on Thursday, which will provide some hope and relief for Colorado homeowners.

State Farm agreed to lower its emergency rate increase request from 22% to 17% for California homeowners insurance policies.

A new report looks at the impacts the Los Angeles wildfires, potential tariffs and new statewide policy will have on rising ...

Consumer Watchdog, which is opposed to the rate increase, said the insurance giant had argued it's too big to fail, which isn ...

In 2023, 481 homeowners insurance policies were canceled or non-renewed due to wildfire risk — an 82% increase compared to ...

State Farm attorneys argued that rate increases ... California market, and it simply wouldn't be possible for many of these homeowners to find new insurance, and they would be forced onto the FAIR ...

Former California ... increases, but they tend to be, shall we say, unbashful in asking for substantial increases. When you start seeing more Californians forced to the FAIR Plan for insurance ...