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Farmers tops survey of home insurers that decline the most claims

Three of California’s largest home insurance companies declined nearly half of their claims in 2023, well above the national average, according to a ratings agency report reviewed by The Times.In a survey of national claims handled by the state’s leading home...

Could California wildfires impact Florida home insurance rates?

With the California wildfires now expected to cost insurance companies more than $40 billion, many people in Southwest Florida are worried that could impact rates in the Sunshine State.“The insurance industry is facing a lot of suits and...

California wildfires: FAIR Plan costs, fire coverage caps add to worries about housing market recovery in Bay Area, CA

PACIFIC PALISADES, Calif. (KGO) -- The estimated insured losses from the Los Angeles County wildfires could reach $20 billion, which would be recorded as the costliest fire in U.S. history in that category, according to J.P. Morgan.The impacts are expected to be significant...

Outgoing Washington Insurance Commissioner Mike Kreidler says listening is No. 1 task of the elected position

In the latest Washington State Office of the Commissioner’s “OIC Answers” podcast, Commissioner Mike Kreidler said the best advice he could give to his successor Patty Coer is to “listen carefully to people.” The episode focused...