#california-homeowners

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#insurance-underpayment #wildfire-recovery #coverage-limits #algorithms-in-insurance #fair-plan
Media industry
fromPoynter
4 days ago

Sensitive documents exposed a flawed algorithm harming California wildfire survivors. A Pulitzer-winning series followed. - Poynter

Major insurers used the same 360Value algorithm to set coverage limits, contributing to widespread underinsurance after California wildfires.
California
fromwww.mercurynews.com
7 months ago

Map: See where California FAIR Plan seeks home insurance rate hikes

FAIR Plan seeks approval for average 35.8% rate hikes affecting over 550,000 policies; most increases 5–60%, while about 97,000 policyholders could see cuts.
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