Insurer Group Reacts to California Department of Insurance Musing on Cat Modeling June 8, 2023 By Don Jergler Insurer groups may be seeing the light at the end of the tunnel with a hint of a possible change...
California Insurers’ Inability to Price Risk Is Causing Headaches June 7, 2023 By Eric Roston California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change —...
Climate Change, Wildfire Risk and State Farm’s California Decision June 1, 2023 By Don Jergler Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business...
AccuWeather: Storms May Have Delayed California’s Wildfire Season April 12, 2023 The massive rainfall and snow California received this winter will likely delay the upcoming wildfire season for the state –...
$1.5M for California Homeowners Overcharged Under Wildfire Risk Score March 29, 2023 Kemper Independence Insurance Co. has issued more than $1.5 million in refunds to thousands of California homeowners after the California...
$930M to Curb Western U.S. Wildfires Crisis January 23, 2023 By Matthew Brown The U.S. is directing $930 million toward reducing wildfire dangers in 10 western states by clearing trees and underbrush from...
Viewpoint: California Regulatory System Hurting Independent Agents and Their Clients November 29, 2022 By John Norwood Millions of California insurance consumers are being adversely affected and incurring higher costs of insurance due to the malfunctioning insurance...
California Commissioner Issues Moratorium on Homeowners Insurance Cancellations in L.A. and Kern Counties November 28, 2022 California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage following Gov. Gavin Newsom’s Nov. 19 emergency...
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires November 10, 2022 A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been...
Ex-PG&E Execs Paying $117M To Settle California Wildfires Lawsuit October 3, 2022 Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over...