Assembly Insurance Committee Approves Bills to Let Insurers Raise Homeowners' Rates By Skirting Price-Gouging Protections

Sacramento, CA –  The Assembly Insurance Committee voted today to allow insurance companies to raise rates on homeowners and renters in violation of voter-approved Proposition 103.  The bills would force unjustified insurance rate hikes onhomeowners in the very communities devastated by wildfires that they purport to help, said Consumer Watchdog.

Insurance Industry Pushes Legislation to Increase Homeowners Insurance Rates, Derail Public Protections Against Price Gouging, in Guise of Wildfire Response

Los Angeles, CA — While the rest of the state is sheltering at home, lobbyists for the insurance industry are busy promoting legislation, scheduled for a hearing tomorrow, that would allow them to boost insurance rates on homeowners and renters.

Here's How to Figure out the Amount of Homeowners Insurance You Should Actually Buy

By Chris Taylor, MONEY

April 13, 2020

https://money.com/heres-how-to-figure-out-the-amount-of-homeowners-insu…

Here’s some advice for new homeowners figuring out how much insurance coverage to buy: Think back to the popular childhood fable, and keep the Goldilocks Principle in mind: Not too much, not too little, but just right.

Consumer Watchdog To Insurance Companies: Stop Underwriting Fossil Fuel Projects That Exacerbate Fires And Hurricanes

San Francisco, CA – The nonprofit consumer group responsible for the most effective regulation of the insurance industry in America said today it would be challenging America’s insurance companies to join their European counterparts in refusing to underwrite coal and fossil fuel projects.

Wildfires Should Ignite Crackdown on State Farm To Be Better Neighbor

The wildfires devastating Bel Air, Ventura and Southern California's canyons are destroying homes in their path. Unfortunately, many of those homeowners are going to find that when they try to rebuild their homeowners' policies may not cover the real costs.

It's a sad cycle that happens after too many wildfires, include the historic devastation fires wrought recently in Sonoma and Napa Valley.