Insurance In The News

Sacramento Bee – Major insurance companies support California home insurance plan for high fire risk areas

By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article289555068.html A highly anticipated piece of California's plan to entice home insurers back into the state received support from representatives of major companies during a public hearing Wednesday.  Insurers will commit to writing more policies in...

San Diego Union Tribune – Opinion: California homeowners are paying more for less insurance

Insurance Commissioner Ricardo Lara needs to advocate By Jamie Court, SAN DIEGO UNION TRIBUNE OPED https://www.sandiegouniontribune.com/2024/06/28/opinion-california-homeowners-are-paying-more-for-less-insurance/ Court is president of the Los Angeles-based nonprofit Consumer Watchdog. He lives in Los Angeles. Insurance companies are refusing to sell new homeowner policies or renew...

KABC-AM (Radio) – Los Angeles, CA: Jamie Court Discusses California’s Insurance Crisis

By Staff Reporters, KABC-AM – Los Angeles, CA  Click below to listen to the audio of this radio broadcast segment. Part 1 Part 2

Politico – Insurers are turning up the heat on Jamie Court

By CAMILLE VON KAENEL, POLITICO With help from Blanca Begert and Wes Venteicher https://www.politico.com/newsletters/california-climate/2024/06/25/insurers-are-turning-up-the-heat-on-jamie-court-00164970 GOING FOR THE JUGULAR: As fire season gets underway, insurers are declaring open season on their No. 1 nemesis. A half-dozen trade groups this month took the unprecedented step...

Los Angeles Times – Opinion: State should look out for homeowners, not insurers

By Jamie Court, LOS ANGELES TIMES OPED https://www.latimes.com/opinion/story/2024-06-20/california-home-insurance-fire-wildfire-climate-change-gavin-newsom-ricardo-lara Home insurance companies have put Californians in a bind by refusing to sell new policies or renew many customers, leaving them with few options. That drives more homeowners into the high-cost, low-benefit...

The Ukiah Daily Journal – California Focus: Planned insurance rule makes consumer reviews meaningless

By Thomas Elias, THE UKIAH DAILY JOURNAL https://www.ukiahdailyjournal.com/2024/06/18/california-focus-planned-insurance-rule-makes-consumer-reviews-meaningless/ In the insurance business, there are different kinds of black boxes. One is literally a small black box usually inserted in a car’s cigarette lighter socket that records exactly how a driver...

Capital Public Radio – Sacramento, CA: Consumer Watchdog Is Wary Of The Loopholes In The New Insurance Plan

By Staff Reporters & Levi Sumagaysay, Capital Public Radio – Sacramento, CA  Click below to listen to the audio of this radio broadcast segment.

Mercury News – Opinion: California governor and commissioner push to raise insurance prices

By Carmen Balber, MERCURY NEWS OPED https://www.mercurynews.com/2024/06/18/opinion-newsom-and-commissioner-push-to-raise-insurance-prices/ Gov. Gavin Newsom and Insurance Commissioner Ricardo Lara just announced separate plans to give insurance companies bigger, faster rate hikes in response to the home insurance crisis. Their actions would fulfill an insurance...

Mercury News – Here’s where California could push insurers to cover more fire-risk homes

By Ethan Varian, MERCURY NEWS https://www.mercurynews.com/2024/06/13/heres-where-california-could-push-insurers-to-cover-more-fire-risk-homes/ Struggling to find affordable homeowner's insurance because you live in a fire-prone area? A new proposal by state regulators could soon make it much easier to get coverage. But consumer advocates worry that it...

CalMatters – California pushes insurers to cover more homes in these areas. Is your ZIP included?

By Levi Sumagaysay, CALMATTERS https://calmatters.org/economy/2024/06/california-pushes-insurers-to-cover-more-homes-in-these-areas-is-your-zip-included California Insurance Commissioner Ricardo Lara unveiled today an effort to force insurers to resume writing policies in high-fire-risk areas — part of an overall plan to address the state’s insurance crisis.  It consists of three different ways...

Sacramento Bee – California home insurance in high-risk wildfire areas could be easier to get under new plan

By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article289203064.html Homeowners in areas at high risk of wildfires could have an easier time finding insurance coverage in the future under an eagerly-awaited proposal released Wednesday by the Department of Insurance. Under the plan, companies will...

San Francisco Chronicle – Map: ZIP codes where California home insurers would have to write more policies

By Megan Fan Munce, Sriharsha Devulapalli, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california/article/insurance-regulations-map-19508877.php A proposed regulation unveiled Wednesday aims to encourage insurance companies to write more policies in areas of California that have been ravaged by both wildfires and the state’s insurance crisis. Over the past few...

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