California’s Snowpack Data Likely Signals Another Fire-Prone Summer April 1, 2025 By Brian K. Sullivan California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled...
State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision March 13, 2025 By Susanne Sclafane Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives...
Viewpoint: The Evolution of Homeowners Insurance in California—From Niche to Necessity March 12, 2025 By Mikhail Gorshunov For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental,...
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California February 12, 2025 Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available...
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims February 11, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers...
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires February 11, 2025 Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers...
Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant February 10, 2025 By Trân Nguyen As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order...
Viewpoint: How Will the California FAIR Plan Fare? What’s Next for Independent Agents? February 10, 2025 By Rene Swan If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history,...
Startup Accused of Gouging LA Fire Victims on Rent February 6, 2025 By Robert Burnson and John Gittelsohn A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one...
State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires February 3, 2025 State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases,...