The newspaper headline asked the proper question, but the story that followed missed the point. It read, “California’s plan to stabilize its home insurance market is now law. Will it work?”The headline writer clearly wondered whether this new law, promulgated by Insurance Commissioner...
By Tran Nguyen | The Associated PressHundreds of thousands of California homeowners who have failed to find or lost access to home insurance as wildfires in the state become more destructive could once again be able to purchase policies under a state regulation...
SACRAMENTO, Calif. -- Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California...
Insurance companies will be required to increase coverage in high-risk areas, but also allowed to factor in reinsurance costs in rates.
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THE HOUSE AND SENATE: There were no roll calls in the House or Senate last week.The 2024 legislative session ends on Jan. 1. There was a flurry of activity on Beacon Hill last week as sponsors of dozens of bills attempted to get...
As insurance premiums surge for North Side property owners, significant rent increases for tenants are anticipated for spring 2025.
By Don DeBat
28-Dec-24 – Chicago’s North Side bungalow and “Ma-and-pa” apartment owners complain they are overwhelmed with a tsunami of rising insurance costs that...
