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Insurance costs stymie condo owners – Insurance News

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...

How to cool California’s heated home insurance market

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 Commissioner Announces FAIR Plan Modernization Deal

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...

Editorial cartoon: Home insurance – Dallas Morning News

Editorial cartoon: Home insurance. By Dallas Morning News Editorial. 1:00 AM on Jul 26, 2024 CDT. Ed Gamble(King Features Syndicate). LISTEN ... Source link

Surging home insurance premiums challenge mortgage industry, regulators

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens...