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 ...
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 ...
Silicon Valley on MSN1h
Why were these Bay Area communities left off list of fire-risk areas where insurers must expand coverage?Yet many Bay Area neighborhoods facing the most serious fire hazards, from the Oakland and Berkeley hills in the East Bay to the Gilroy area at the southern tip of Silicon Valley, aren "t included in ...
9hon MSNOpinion
Assemblymember David Tangipa says California can’t afford to keep reacting to wildfires after they happen. We must focus on ...
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.
The gross loss ratio for Hippo Holdings Insurance Partners (HHIP) improved by three percentage points year-over-year in the ...
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 ...
The fires that reduced Altadena, Pacific Palisades and other Los Angeles-area neighborhoods to rubble have also shined a ...
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