Wildfires are becoming almost a yearly occurrence in California, which has been struck by drought for three years. That's strained the resources of the state's insurance industry and led some insur...
The cheapest car insurance in Lincoln, Calif., starts as low as $25 per month from Geico, although USAA also offers cheap auto insurance rates in the city.
California Insurance Commissioner Steve Poizner declared an “insurance emergency” on today because of the Southern California wildfires. The declaration temporarily removes the ban on out-of-state claims adjusters lacking California licenses. Poizner said that lifting the ban will help insurance companies better deal with the expected crunch of fire claims. He estimated that more than $1 billion in property damage has already occurred. Poizner last lifted the ban in January during a devastating crop freeze in the Central Valley. ...
The cheapest car insurance in Pacoima, Calif., starts as low as $44 each month from Geico, though USAA and Progressive also have reasonable prices.
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A law that gives Californians a direct roll in what insurance companies can charge has benefited the consumer group that wrote the law.
4-Minute Listen ; Smoking has its risks, but in California higher prices for health insurance probably won't be among them. The federal health law allows states to charge smokers up to 50 percent more for a health plan, but a bill moving forward in the California Legislature would prevent that from happening. The Affordable Care Act is supposed to remove discrimination in the pricing of health insurance for things like gender and medical condition. Critics say a tobacco surcharge creates a new category of discrimination against smokers. ...
California Insurance Commissioner Ricardo Lara said the state is in "crisis" after State Farm announced it would cut 72,000 home insurance policies because of high costs.
LA JOLLA, Calif. – Matthieu Pavon still doesn’t know how he made it happen. He’s just happy he did.
For nearly 35 years, California has been famously protective of insurance policyholders through laws and policies aimed at limiting rate increases. But the system is coming under scrutiny following the stunning announcement Friday by State Farm — the largest property insurer in California — that it is no longer writing new policies for homeowners or businesses in the state. Experts say State Farm’s decision highlights a flaw in California policies that effectively blocks insurers from considering climate change in setting premiums and dis ...