Opinion by Daniel Kaniewski
(CNN) — Natural disasters can have devastating financial consequences for individuals and households, yet few are fully protected. With a record number of recent disasters, including severe storms, flooding and wildfires, and...
US home insurers suffered their worst underwriting loss this century in 2023, hit by a toxic brew of natural disasters, high inflation, and rising populations in high-risk areas, putting pressure on financial markets. Data from rating agency AM Best shows that insurers that...
As the owner of a condominium unit in Emeryville, Fran Quittel has been anxiously watching her insurance rates soar "astronomically" amid a documented pullout of personal home insurance providers from California. But Quittel's condo building, the Watergate complex at the Emeryville Marina, does...
As California grapples with another season of wildfires, the impact on the state’s insurance market has become increasingly dire.The reasons are numerous and complex: the rise in wildfires and extreme weather, high construction costs driven by inflation, high costs of capital, legal system...
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and...
