When disaster hits, insurance companies are supposed to have your back… but their number one priority is almost always their own financial well-being.
Insurers, facing huge losses, have been pulling back from fire-prone areas across California. “The marketplace has largely collapsed,” an advocate for counties in the state said.
By Christopher Flavelle, THE NEW YORK TIMES
September 2, 2020
By Michael Finney and Randall Yip, KGO ABC TV-7 San Francisco, CA
August 26, 2020
Click here to watch the video of this news segment: https://abc7news.com/lightning-fires-scu-complex-fire-lnu-czu-august/63…
By Michael Hiltzik, LOS ANGELES TIMES
June 19, 2020
It’s fair to say that most Americans see the coronavirus pandemic as an enormous and fearsome burden.
Not the insurance industry. In California, the industry is using the crisis to bring about a sneaky change in insurance rules that could lead to massive increases in homeowner premiums.
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.