California insurance regulators approve State Farm’s request for massive homeowner rate hike
California insurance regulators have “provisionally approved” State Farm’s request for a massive rate hike for homeowners following the devasting Los Angeles wildfires. On Friday, Insurance Commissioner Ricardo Lara announced he will allow State Farm to raise homeowners’ rates by an average of 22%.
Most insurance companies will not require policyholders to itemize lost belongings, though some major companies, including ...
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Assemblymember David Tangipa says California can’t afford to keep reacting to wildfires after they happen. We must focus on ...
The devastating wildfires that struck southern California in January could cost the insurance industry overall about $30 billion, according to analyst estimates. Allstate is discovering ...
Allstate this week became the first insurer to raise its estimates of property losses from last month’s wildfires in Los ... recoveries and an estimated California FAIR Plan assessment is ...
Roosevelt Banks’s home in Altadena, Calif., was destroyed by the California wildfires. Nearly two months later, he’s still awaiting answers from his insurer and living week to week in hotels.
When the Palisades and Eaton fires struck homes on the west and east sides of Los Angeles County, the residents mobilized in ...
Florida’s insurance market was on the verge of collapse. Homeowners faced skyrocketing premiums, insurers were going bankrupt ...
Survivors of the L.A.-area fires whose homes are still standing face ballooning smoke remediation costs but don't know how ...
The fires that reduced Altadena, Pacific Palisades and other Los Angeles-area neighborhoods to rubble have also shined a ...
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