Outlook for home insurance in 2024
Outlook for home insurance in 2024

Key points Climate change is increasing homeowners insurance claim severity and frequency. In the short term, homeowners can expect higher home insurance premiums, the possibility of nonrenewal and fewer options for insurance. In the long term, home insurance rates may start to stabilize. 2023 was…
Climate change is impacting the home insurance industry and damaging the housing market
Climate change is impacting the home insurance industry and damaging the housing market

When Michael Monaghan, a real estate agent with Coldwell Banker Sellers Realty in northern California, got an offer for a home in Bayside at the seller’s $650,000 list price in September, he told the buyer’s agent that the buyer needed to start looking for insurance…
Spooky Insurance News
Spooky Insurance News

There’s lots being said these days about the negative impact on home and business owners of reduced competition and coverage and sharply rising premiums resulting from insurers’ reactions to climate change, technology and inflation. The marketplace dynamics and political forces in play in Florida, Louisiana…
Close to Home: Insurance crisis rooted in climate change, big profits
Close to Home: Insurance crisis rooted in climate change, big profits

Press Democrat Op Ed, by: Amy Bach In the North Bay today, and many other areas considered to be at risk for wildfires, we are in the grip of a serious property insurance availability and affordability crisis. Until fairly recently, most North Bay residents didn’t…
Insurance Access Emergency Hits Close To Home
Insurance Access Emergency Hits Close To Home

Across California, the cost of homeowners insurance is further fueling housing unaffordability. While many city households in California may still enjoy some of the lowest homeowners insurance rates in the nation, the astronomical insurance cost increases for residents, businesses and even public service agencies like…
Calif. annuity legislation must pass by 2025 to avoid ‘dual regulation’
Calif. annuity legislation must pass by 2025 to avoid ‘dual regulation’

California Senate Bill 263, which would make California the 41st state to adopt best-interest annuity sales rules, has stalled amid pushback from consumer groups. It is currently in the suspense file with the Assembly Appropriations Committee, and five consumer associations want it to stay that…
Insurance Crisis: Bay Area Insurance Company That Left California Leaves Arizona, Nevada
Insurance Crisis: Bay Area Insurance Company That Left California Leaves Arizona, Nevada

When CSE Insurance announced to its agents earlier this month that it was pulling out of California and would not be renewing its customers’ policies, the company was the latest in a long list of insurers exiting the state. Now, The Standard can report that…
Survivors Speak: Ten Days in Lahaina
Survivors Speak: Ten Days in Lahaina

Driving along the idyllic West Maui coast on a characteristically stunning day in early September, all looked as beautiful as ever. As I crested the hill on the south of end of Lahaina, John Lennon’s ‘Imagine’ was playing on the radio. And I began to…
Tightening the Reins: California Insurance Companies and Car Accident Compensation Claims
Tightening the Reins: California Insurance Companies and Car Accident Compensation Claims

California, with its sprawling cities and vast highway networks, sees a significant volume of traffic, making car accidents a common occurrence. The aftermath of such incidents often spirals into a complex web of insurance claims and legal battles as victims seek compensation for their damages.…
Is the lack of flood insurance coverage the next coverage crisis for California?
Is the lack of flood insurance coverage the next coverage crisis for California?

Thousands of homes may be at risk of flooding, but few are covered against this type of catastrophe. Though we tend to think of wildfires as the main risk to property owners in California, climate change and a majority of homes without flood insurance could…
Could flooding fuel CA’s next insurance crisis? What data shows for thousands of Bay Area homes
Could flooding fuel CA’s next insurance crisis? What data shows for thousands of Bay Area homes

Climate change is predicted to drive increasing sea level rise across the country in the coming decades — and thousands of families in the Bay Area are unprepared for the flooding impacts. The ABC7 data journalism team analyzed data from the First Street Foundation, a…
Flooding and water resources for Southern California
Flooding and water resources for Southern California

Want to know what the flood risk is in your area or how to protect your home during a storm? Check out the resources below. Want to know what the flood risk is in your area? What about how to protect your home and family…
California Annuity Sales Rule Bill Stalls
California Annuity Sales Rule Bill Stalls

The California State Legislature is not moving forward with SB 263, a bill to update annuity sales standards that is supported by the insurance industry but has drawn fierce opposition from consumer groups. The bill sailed through the state Senate in May, with no opposing…
Mitigation Matters
Mitigation Matters

No matter where you live, if you’re a homeowner today, you need to do your best to maintain your property and take steps to avoid it being damaged or destroyed in a severe weather event. Why? 1) No place on earth is immune from risk…
What New York homeowners and renters should know about flood insurance.
What New York homeowners and renters should know about flood insurance.

Standard homeowners’ and renters’ policies don’t cover damages that can be caused by the kind of heavy rains that hit New York City on Friday. It’s an unfortunate fact: Standard homeowners’ and renters’ insurance policies don’t cover damages caused by flooding. People who live in…
County hosts webinar on homeowners insurance
County hosts webinar on homeowners insurance

The current crisis of property insurance affordability and availability that’s impacting homeowners, as well as options for keeping homes protected, are the subjects of a county-wide public webinar. Read more.
New Jersey Supreme Court to rule on pandemic-related insurance exclusions
New Jersey Supreme Court to rule on pandemic-related insurance exclusions

New Jersey’s Supreme Court is considering whether an Atlantic City casino can get payouts from business interruption insurance for losses during the COVID-19 outbreak, potentially providing guidance for policyholders nationwide regarding the scope of coverage for pandemic-related losses. The state’s high court heard arguments Wednesday…
Will this plan solve California’s insurance crisis? This is what you need to know
Will this plan solve California’s insurance crisis? This is what you need to know

A week after negotiations to save California’s faltering home insurance market stalled in the Legislature, the state’s top insurance regulator unveiled its own plan to save the effective value of a swap for the first. which is the state insurer. Under the proposed regulations announced…