An increasing number of insurance companies have made the decision to stop insuring homes in wildfire-prone California.
California's wildfire risk is so high, numerous insurance companies have left the state. Now, the insurance commissioner has presented a new plan to entice them to return.
and California is spreading, and it is fundamentally changing the real estate market in... Increasingly, Baldwin said, he and other brokers are seeing insurance companies swoop in just as...
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Discover how much homeowners insurance costs in California, plus which companies offer the best coverage and cheapest rates.
Finding insurance in California, especially for fires, may prove increasingly difficult as many large providers have reduced or pulled their coverage. Farmers Direct Property and Casualty Insurance is one of the latest, after surrendering its certificate of authority Sept. 15 in California, which means the primarily home and auto insurance provider no longer offers policies to Californians. A spokesperson for the company told The Epoch Times its decision was due to an initiative by its parent company, Farmers Insurance, to “increase operation ...
About 320,320 California homeowners will be affected by the rate changes attributed to wildfire risk. Subscribe to continue reading this article. Already subscribed? To login in, click...
California Insurance Commissioner Ricardo Lara letting companies base rates on black box computer models of possible catastrophes amounts to a surrender.
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Farmers Insurance has limited new homeowners insurance policies in California, joining other major national insurance providers.