California exodus of home insurance companies continues

An increasing number of insurance companies have made the decision to stop insuring homes in wildfire-prone California.

California condo owners to get expanded FAIR plan fire insurance - The Mercury News

By Nadia Lopez | Bloomberg ; California plans to extend its last-resort insurance program to cover higher-value properties in areas prone to wildfire, adding new potential liabilities for the already stressed plan. ; Also see: California homeowners sue FAIR Plan, insurer of last resort, over smoke damage coverage ; The changes open the door to a short-term expansion in FAIR plan coverage, even as regulators work on an industry overhaul they say will bring private insurers back to the state and reduce reliance on last-resort insurance in the long run. Citing growing risks of wildfires and the inability to raise premiums, insurance companies have dramatically cut back on coverage. Homeowners’ costs have spiked; others have been unable to get coverage at all.

California home insurance crisis: Insurers still selling policies

Quantum Home 2.0 program — which insures home and condo owners, tenants and landlords... Auto Club is an AAA-branded insurer offering home insurance in California that meets its...

The home insurance market is crumbling. These owners are paying the price | CNN

Louisiana Citizens, the insurer of last resort for property owners in the state, was out of... 72,000 home insurance policies in California, representing just over 2% of the company’s...

California Allows Highest Home Insurance Hike in Years

condo owners by an average of 30 percent, the San Francisco... This home insurance rate approval allows us to continue protecting our existing customers as we work with the California...

Why are State Farm and others leaving California's home insurance market? Answers for beleaguered homeown....

Major insurers have pulled back from California's homeowners market, citing wildfires, inflation and other challenges. But there are steps at-risk homeowners can take now to secure coverage and at...

Florida, California insurance crisis is spreading. Is your state next?

and California is spreading, and it is fundamentally changing the... priced home, based on data from the National Association of Insurance Commissioners and Redfin. Based on 2021 premiums...

State Farm again is seeking huge increases in home insurance rates in California

State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state’s...

State Farm seeks major increase in home insurance rates, sparks concerns - KTLA

State Farm has requested a 30% homeowners insurance rate increase, 36% condo owners insurance rate increase, and 52% renters insurance rate increase in California, raising concerns about the compan...

Your dog could keep you from getting California homeowners insurance

A Chronicle analysis of state insurance filings found that most major home insurers in California ban some dog breeds. Here are their policies.