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By Thomas Frank, E&E NEWS The Los Angeles wildfires could force California residents to pay billions of dollars to bail out the…
Jan 10, 2025By Jonalyn Cueto, REINSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/reinsurance/usaa-leaders-discuss-rising-insurance-costs-in-california-520063.aspx In a recent CNBC interview, USAA’s outgoing CEO Wayne Peacock and incoming CEO Juan Andrade addressed…
Jan 10, 2025By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2025-01-09/la-fires-property-home-insurance-crisis-fair-plan-lara-state-farm-allstate-palisades-eaton-altadena-wildfires When raging wildfires tore through Pacific Palisades and other local communities this week, they not…
Jan 10, 2025By Ethan Varian, Molly Gibbs, Jovi Dai, MERCURY NEWS The devastating wildfires burning through Los Angeles County this week are stoking concerns…
Jan 10, 2025By Kenneth Schrupp, THE CENTER SQUARE https://www.thecentersquare.com/california/article_3f92d976-ce0a-11ef-9efc-bb80f6754a0d.html (The Center Square) – California’s fire insurer of last resort has long been on the…
Jan 10, 2025By Jeff Collins & Pat Maio, LOS ANGELES DAILY NEWS Wildfires spared Tim Scanlon’s Altadena home as of Wednesday afternoon, even after…
Jan 9, 2025By Tran Nguyen, ASSOCIATED PRESS https://apnews.com/article/california-wildfires-los-angeles-insurance-6fbb51bd3060743da0638baf4cf2845d SACRAMENTO, Calif. (AP) — The wildfires that destroyed homes in multiple sections of the Los Angeles area will…
Jan 9, 2025By Chris Isidore, CNN https://www.cnn.com/2025/01/09/business/california-wildfires-homeowners-insurance/index.html Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County, California,…
Jan 9, 2025By Brett Wilkins, COMMON DREAMS https://www.commondreams.org/news/california-wildfire-insurance As deadly wildfire incinerated more than 1,000 homes and other structures in Los Angeles County this…
Jan 8, 2025
Consumer Watchdog calls the rule a power grab.
Jan 8, 2025By Thomas Elias, INSURANCE NEWS NET The newspaper headline asked the proper question, but the story that followed missed the point. It…
Jan 3, 2025By Sheri Walsh, UPI https://www.upi.com/Top_News/US/2025/01/02/california-home-insurance-rules/6001735792977 New emergency insurance regulations in California will require home insurance providers write more policies, including in high-risk wildfire-prone…
Jan 2, 2025By Staff Reporters, KNX-AM – Los Angeles, CA Click below to listen to the audio of this radio broadcast segment.
Jan 1, 2025By Jack Birle, WASHINGTON EXAMINER California (opens in new tab) Insurance Commissioner Ricardo Lara introduced a new regulation Monday aimed at expanding coverage…
Dec 31, 2024
Consumer Watchdog worries homeowners will see double digit rate increases.
Dec 31, 2024By Aaron Gregg, WASHINGTON POST https://www.washingtonpost.com/business/2024/12/31/california-home-insurance-wildfire-policies Insurance companies that pulled back from fire-prone areas of California in recent years will have to…
Dec 31, 2024
Consumer Watchdog is calling this a horrible policy put out by the state.
Dec 30, 2024
There will be a limit to how much of the costs they can pass along, but Consumer Watchdog estimates it could drive…
Dec 30, 2024