News Story

By Ruben Vives, LA TIMES https://www.latimes.com/california/story/2024-04-10/westside-l-a-hit-hard-as-state-farm-cancels-home-insurance Thousands of Californians who won’t see their home insurance renewed by State Farm this summer are homeowners in Los Angeles County, with some upscale Westside...

By BLANCA BEGERT and CAMILLE VON KAENEL, POLITICO  https://www.politico.com/newsletters/california-climate/2024/04/09/laras-forced-marriage-with-insurers-00151420 HOME FIRES BURNING: In Sacramento, Ricardo Lara is the state’s insurance commissioner who hasn’t yet stopped an exodus of property insurers fleeing increased costs fueled by climate change. But...

By JP Crumrine, INSURANCE NEWSNET https://insurancenewsnet.com/oarticle/state-farm-continues-withdrawal-from-state Despite efforts by the state's Department of Insurance (DOI) to revise the rate making policies in California, on March 20, State Farm announced it would...

By Mike Pangilinan, INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/property/consumer-watchdog-wants-mandatory-coverage-for-wildfiresafe-homes-483241.aspx A consumer advocacy group in California is pushing for reforms that would require insurance companies to provide coverage to homeowners who have taken steps to...

By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/article287155520.html Former insurance commissioner Dave Jones has a sobering view on the future of homeowner coverage in California: He believes the state is “marching steadily towards...

By Anthony De Leon, LOS ANGELES TIMES https://www.latimes.com/california/newsletter/2024-03-29/california-offers-catastrophe-plan-to-draw-insurers-back-to-the-state-but-at-what-cost-essential-california California intends to attract insurers back with flexible policies The homeowners insurance crisis in California worsened last week when State Farm General Insurance announced...

By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2024-03-29/californias-insurance-crisis-what-went-wrong-whats-being-done-to-fix-it-and-how-homeowners-can-help-themselves Climate change and extreme weather have contributed to catastrophic fires that destroyed thousands of California homes in recent years - and an insurance crisis...

By Blanca Begert, POLITICO https://www.politico.com/newsletters/california-climate/2024/03/28/california-and-the-feds-are-already-diverging-on-evs-00149685 GETTING PERSONAL: Put Consumer Watchdog and the Personal Insurance Federation of California in the same room, and you’re bound to get fireworks. Representatives for the two organizations...

By Levi Sumagaysay, CAL MATTERS https://calmatters.org/economy/2024/03/california-home-insurance-market With more California homeowners just discovering their insurance policies are getting canceled —  and hundreds of thousands of others stuck with a pricey option of...

"There's going to be push and pull," says an industry lawyer By Mark Schoeff Jr., INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/environmental/lara-struggles-to-reform-california-insurance-market-482596.aspx Irene Sabourin used to be able to find insurance policies for customers before they...