Over the past year, Oakland grocery store manager Ananda Neil has received updates on his auto insurance policy with mounting dread. When his six-month, per-mile policy for his 2022 Hyundai Santa Fe renewed in October 2023, it edged up from $77.19 to $83.39...
As home insurance becomes increasingly unaffordable or unavailable for millions of Californians, a homeowner has filed a proposed class-action suit accusing Liberty Mutual Insurance of canceling her policy and others for nonexistent defects based on unreliable aerial photography.“Driven by a desire to maximize...
Under a new state regulation, insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas. The new regulation aims to give residents access to more insurance options after major companies pulled coverage from some areas, according to KABC.
Insurance companies...
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...
