September 13, 2024
Did you hear the one about cat poop clogging a toilet, resulting in thousands of gallons of sewage water in the home and a big insurance claim? Lin Werkheiser, an insurance fraud investigator, has heard that one and many more …
December 4, 2020
Acquiring home insurance has long been a mundane but necessary chore. In California, for hundreds of thousands of residents, it’s turned into a labyrinthine quest that leaves people with expensive, bare-bones coverage. That’s because an increasing amount of Californians have …
October 21, 2020
Mercury Insurance has launched two new programs designed to help Californians better protect their homes and families if they live in areas prone to wildfires. Homeowners who take one or more steps to either harden their homes against wildfires or …
October 6, 2020
California is on fire. Already this year, thousands of people have lost their homes, and communities are struggling to figure out how to rebuild. Nikki Pechet wants to be the person they turn to. Pechet co-founded Homebound Inc. in 2018 …
December 2, 2019
Note: This has been updated with FAIR Plan comments below. Changes to the insurance plan offered by California’s property insurer of last resort could possibly go into effect as early as the next few months – that is if no …
November 18, 2019
The insurers behind California’s Fair Plan, the insurance market of last resort for homeowners, think it’s a bad idea to broaden the coverages available from the Fair Plan beyond basic dwelling fire insurance, an expansion being ordered by the state’s …
November 20, 2018
Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second power line of PG&E Corp. failed the …
August 14, 2018
California homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California Department of Insurance had already warned this year that the increasing number and severity of wildfires were making it harder …