#insurance-market

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www.mercurynews.com
2 months ago
California

Opinion: How to cool California's heated home insurance market

Home insurance in California has been underpriced for too long, leading to insurers paying out more than they collect in premiums, making the market unsustainable. [ more ]
#california
Sacramento Bee
4 months ago
California

Gavin Newsom said he wants to help California's home insurance crisis, but details are sparse

Gov. Gavin Newsom vowed to accelerate insurance market price increase reviews to address California's insurance crisis. [ more ]
Sacramento Bee
4 months ago
California

California insurance leader defends department's work amid pressure and home, auto challenges

California Insurance Commissioner Ricardo Lara is implementing rule changes to stabilize and improve insurance availability in the state. [ more ]
Los Angeles Times
4 months ago
California

Travelers is the latest California insurer to raise rates. How to find coverage in your area

Travelers Insurance in California increasing rates by 15% due to wildfire risks, reinsurance costs, and inflation. [ more ]
therealdeal.com
6 months ago
California

State Farm to Not Renew 72K Property Policies in California

State Farm won't renew 30,000 property and 42,000 commercial apartment insurance policies in California.
The non-renewals are due to financial health concerns and a need for long-term sustainability. [ more ]
subscriber.politicopro.com
8 months ago
California

Climate Disasters Prompt Another Home Insurance Company to Leave a State

The Hartford Financial Services Group will no longer offer new policies to homeowners in California due to the challenges of insuring in wildfire-prone areas.
Insurers in California are raising premiums and reducing coverage in areas at risk of climate-juiced wildfires. [ more ]
www.housingwire.com
8 months ago
California

Another homeowners' insurance carrier leaves California

The Hartford Financial Services Group will no longer offer new homeowners insurance policies in California starting in February 2024.
The decision was made due to the unique challenges presented by California's homeowners insurance environment, including increased risks from wildfires. [ more ]
Sacramento Bee
4 months ago
California

Gavin Newsom said he wants to help California's home insurance crisis, but details are sparse

Gov. Gavin Newsom vowed to accelerate insurance market price increase reviews to address California's insurance crisis. [ more ]
Sacramento Bee
4 months ago
California

California insurance leader defends department's work amid pressure and home, auto challenges

California Insurance Commissioner Ricardo Lara is implementing rule changes to stabilize and improve insurance availability in the state. [ more ]
Los Angeles Times
4 months ago
California

Travelers is the latest California insurer to raise rates. How to find coverage in your area

Travelers Insurance in California increasing rates by 15% due to wildfire risks, reinsurance costs, and inflation. [ more ]
therealdeal.com
6 months ago
California

State Farm to Not Renew 72K Property Policies in California

State Farm won't renew 30,000 property and 42,000 commercial apartment insurance policies in California.
The non-renewals are due to financial health concerns and a need for long-term sustainability. [ more ]
subscriber.politicopro.com
8 months ago
California

Climate Disasters Prompt Another Home Insurance Company to Leave a State

The Hartford Financial Services Group will no longer offer new policies to homeowners in California due to the challenges of insuring in wildfire-prone areas.
Insurers in California are raising premiums and reducing coverage in areas at risk of climate-juiced wildfires. [ more ]
www.housingwire.com
8 months ago
California

Another homeowners' insurance carrier leaves California

The Hartford Financial Services Group will no longer offer new homeowners insurance policies in California starting in February 2024.
The decision was made due to the unique challenges presented by California's homeowners insurance environment, including increased risks from wildfires. [ more ]
morecalifornia
Kqed
7 months ago
California

Data Shows No Huge Spike In Shoplifting Since Passage Of Prop 47 | KQED

Prop 47 reduced penalties for drug possession and shoplifting from felonies to misdemeanors.
There is debate and ongoing efforts to roll back or modify Prop 47. [ more ]
Above the Law
8 months ago
Law

Following Up With A Litigation Risk Insurance Broker (Part II)

Claims activity in the litigation risk insurance market has increased in the past year or two, shaping how insurers view new opportunities.
Several sizable claims have been paid out in the market, with no challenges from insurers. [ more ]
Kqed
2 months ago
California

State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

California Insurance Commissioner investigates State Farm's financial stability and potential impact on consumers. [ more ]
Sun Sentinel
3 months ago
Business

Citizens chooses higher rate hikes for South Florida than its own numbers indicate

Citizens Property Insurance Corp. approved a 14% rate hike for 2025, aiming to reduce policyholders. [ more ]
www.mercurynews.com
3 months ago
Black Lives Matter

Elias: California insurance chief giving in to the industry's demands

California Insurance Commissioner aims to implement secret black box computer models for insurance pricing, potentially costing property owners billions more. [ more ]
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