The nation's growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding ...
MortgagePoint examines how the California wildfires could have wide-ranging impacts on government programs, insurance ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...
SUBMITTED STATEMENT OFSTEVEN GREENHUTRESIDENT SENIOR FELLOW AND WESTERN REGION DIRECTORR STREET INSTITUTE BEFORE THESUBCOMMITTEE ON THE ADMINISTRATIVE STATE, REGULATORY REFORM, AND ANTITRUSTCOMMITTEE ...
The California insurance crisis laid bare by the Los Angeles fires was fueled by "regulatory failure," economist Nancy ...
FAIR, with its high premiums and basic coverage, was designed as a temporary safety net until policyholders find a more ...
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
State Insurance Commissioner Ricardo Lara leaves an Assembly Committee on Insurance hearing on Tuesday, Sept. 17, 2024 at Los Angeles City Hall. (Photo by Sarah Reingewirtz, Los Angeles Daily ...
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, according to the company. The insurer expects to pay out significantly more, ...
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
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