As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose

At first glance, Dave Langston’s predicament seems similar to headaches facing homeowners in coastal states vulnerable to catastrophic hurricanes: As disasters have become more frequent and severe, his insurance company has been losing money. Then, it canceled his coverage and left the state. But Langston…
California home insurance: Map reveals State Farm’s latest price hikes by ZIP code
California home insurance: Map reveals State Farm’s latest price hikes by ZIP code

State Farm just raised home insurance rates an average of 20% across California, but some homeowners will pay far more. This map shows where. This spring, State Farm General Insurance Company raised homeowners insurance rates an average of 20% in California — but the size…
HOT TOPIC: HOME INSURANCE
HOT TOPIC: HOME INSURANCE

Insurance Commissioner Rep to Visit May 14 A representative of California Insurance Commissioner Ricardo Lara will be in Santa Cruz and Scotts Valley Tuesday, May 14, to discuss the vanishing insurance market for residents in what’s known as the the wildland-urban interface. Major insurers paying…
Authorities offer tips on homeowners insurance, wildfire protection
Authorities offer tips on homeowners insurance, wildfire protection

1 p.m. Tuesday, May 14 / Online and at 701 Ocean St., Room 525, Santa Cruz California Insurance Commissioner Ricardo Lara is expected to speak to the Santa Cruz County Board of Supervisors at their May 14 meeting about how homeowners can get insurance and…
California Insurance Commissioner’s Office to make stop in Santa Cruz County
California Insurance Commissioner’s Office to make stop in Santa Cruz County

Amid an escalating crisis in homeowners insurance both locally and statewide, a representative from California’s Department of Insurance — the nation’s largest state consumer protection agency — will come to Santa Cruz County to discuss recent market shifts and answer questions from county leaders. The…
2 insurance firms agree to collaborate to write California home policies
2 insurance firms agree to collaborate to write California home policies

Tokio Marine America and Mercury Insurance announced Thursday the former’s home policies would transition to the Los Angeles-based firm. As firms continue to pull out of the California market, a Los Angeles insurance company is teaming up with a Texas-based insurer to write homeowners insurance…
Complaints dominate insurance forum
Complaints dominate insurance forum

Legislative remedy seems unlikely A forum organized by San Mateo County Supervisor Ray Mueller last week to address California’s insurance crisis provided a lot of information about increasing costs and decreasing availability of home insurance, as well as an outlet for mounting consumer frustration. The…
No special session on home insurance is ‘truly disappointing,’ state Rep. Jervonte Edmonds says
No special session on home insurance is ‘truly disappointing,’ state Rep. Jervonte Edmonds says

‘Right now, it doesn’t look like Tallahassee is focused on the insurance crisis,’ Edmonds says Florida Gov. Ron DeSantis made it clear earlier this week that lawmakers will not be tackling any more issues in the near future. “I have no plans to call a…
State Farm denies renter’s claim for roof leak damages
State Farm denies renter’s claim for roof leak damages

A University City man wants moving and displacement expenses during repair work on his home. CBS 8 is Working for You to get answers after a University City man says State Farm denied his claim on a renter’s insurance policy. The man has to move…
How much will the insurance premium tax cut save policyholders?
How much will the insurance premium tax cut save policyholders?

‘I think that the legislature has done a lot of tinkering and I’m not sure we’re seeing great benefits come out of that,’ Amy Bach says The savings should start in October for homeowners insurance policyholders, as a one year cut in the tax on…
Small insurers are growing in Louisiana. Will more go insolvent after the next big storm?
Small insurers are growing in Louisiana. Will more go insolvent after the next big storm?

The dozen insurers that failed after two busy hurricane seasons left hundreds of thousands of Louisiana homeowners scrambling for new insurance policies at a time when premiums were soaring. A review of new state market share data and financial filings shows the void left by…
Critter care is costly. Does pet insurance make sense?
Critter care is costly. Does pet insurance make sense?

Zoe the cat is 12 years old, and lost an eye to cancer and related complications last year. The total veterinary bill: $25,000. Zoe’s owners, Torrance residents Mike Superstein and Suzanne Erdelyi, paid the full amount because Zoe was uninsured. “I’ve had many many pets…
Sonoma County to talk fire insurance in Tuesday virtual town hall
Sonoma County to talk fire insurance in Tuesday virtual town hall

Sonoma County Supervisor James Gore plans to host a virtual town hall Tuesday at 6 p.m. that’s expected to ignite much interest among homeowners — fire coverage and the lack thereof. “I’m hearing from a number of constituents — insureds with policies being pulled or…
How home insurance companies use drone aerial images to drop policies
How home insurance companies use drone aerial images to drop policies

United Policyholders told CBS 8 there’s been a dramatic increase in reports from customers getting dropped due to aerial images. Home insurance companies are taking inspections to new heights in determining whether to drop coverage or not. In the past, companies would send out inspectors…
How some home insurers use aerial imagery to determine coverage
How some home insurers use aerial imagery to determine coverage

Aerial images of property can wind up costing homeowners when it comes to insurance as some companies use them to determine whether a property is too risky to cover. Almost every building in the United States is being photographed by satellites or drones as part…
Thompson, Huffman Host Press Conference Addressing California Insurance Crisis
Thompson, Huffman Host Press Conference Addressing California Insurance Crisis

Santa Rosa – Today, Reps. Mike Thompson (CA-04) and Jared Huffman (CA-02) were joined by realtors, home builders, agriculture leaders, insurance leaders, and fire survivors for a press conference at Santa Rosa’s Coffey Park in support of H.R. 7849, The Disaster Resiliency and Coverage Act…
Allstate indicates resuming new California policies amid insurance crisis
Allstate indicates resuming new California policies amid insurance crisis

Amid the ongoing insurance crisis in California, Allstate says it could soon resume writing new policies, though the move would come with some conditions. Allstate Insurance stopped writing new homeowners policies in California two years ago but says it may start offering them again if…
Allstate could resume issuing new home insurance policies in CA
Allstate could resume issuing new home insurance policies in CA

Allstate, one of California’s biggest home insurers, could resume writing new homeowner policies if the department of insurance approves rule changes. The company stopped writing new homeowner policies in late 2022 because of wildfire risk and the cost of rebuilding homes. Lenny Higgins of Santa…