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UP in the News
Insurance Commissioner Poizner Secures Close to $46 Million in
Additional Coverage for AIG Customers Who Suffered Losses in Sylmar
Wildfire Survivors to receive an average $100,000 to $125,000 in
SYLMAR - Oakridge resident Joanne Nadeau, who lost her mobile home in
November's Sayre Fire, can now rebuild thanks to additional money
secured by the state's Department of Insurance.
Instead of getting $165,000 from her AIG insurance policy, Nadeau will
receive nearly $300,000.
"Now I can rest and have some peace of mind," said Nadeau, 61. "... And
The California Department of Insurance (CDI) has secured between $37
million and $46 million in additional coverage from AIG for Sayre Fire
survivors in Sylmar. Commissioner Poizner was joined by Los Angeles City
Councilmember Richard Alarcón; Amy Bach, executive director of United
Policyholders and a Sayre wildfire survivor and AIG policyholder who,
Mobile home owners whose properties were destroyed by the 2008 Sayre
Fire and who were insured by AIG will receive as much as an extra
$125,000 from their policy under an agreement announced today by the
state insurance commissioner.
The Sylmar-area fire destroyed 485 mobile homes, 370 of which were
insured by American International Group Inc.
Outstanding! The settlement reached this week by the California
Department of Insurance and AIG provides additional insurance coverage
to Sylmar wildfire survivors who lost their homes in the Oakridge Mobile
Home Park last November.
Survivors to receive an average $100,000 to $125,000 in Additional Coverage
Insurance Commissioner Steve Poizner today announced that the California Department of Insurance (CDI) has
secured between $37 million and $46 million in additional coverage from AIG for Sayre Fire survivors in Sylmar.
Commissioner Poizner was joined by Los Angeles City Councilmember Richard Alarcón;...
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Some of the nation's insurance consumer advocates are wary of current
proposals for federal regulation of insurance being passed around in
Washington. They prefer taking their chances with an imperfect state
regulatory system over what they fear would likely emerge from Congress
under any federal regulatory plan.
Birny Birnbaum, executive director for the Center...
Reporting from Sacramento -- A state legislative committee overseeing
the insurance industry has hired a former lawyer for State Farm as a top
advisor, alarming consumer activists who say the move is the latest
spin of a busy revolving door between government and the industry.
The appointment was made this week by state Sen. Ron Calderon
Keith Brannon has been living a minimalist's life since Hurricane
Like many New Orleanians, Brannon dragged the entire contents of his
house to the curb when his Broadmoor-Fontainebleau area home flooded and
moldered in the storm. He has replaced only the bare essentials.
"We don't have that much furniture because we're still finishing up the