California homeowners struggle amid state’s insurance market crisis
California homeowners struggle amid state’s insurance market crisis

People across California continue to struggle as many are being told that their homeowners insurance policies will not be renewed. A number of providers are now telling homeowners they live in high-risk areas that are too fire prone or “too densely populated.” San Francisco is…
Californians’ home insurance is being dropped due to ‘density.’ What does that mean?
Californians’ home insurance is being dropped due to ‘density.’ What does that mean?

Last October, Marc Snyder’s insurance company informed him it wouldn’t be renewing his homeowners insurance this year for a reason he had never heard before: density. The letter from Liberty Mutual said Snyder’s home was “located in a region where the dwellings are considered to…
Former insurance commissioner warns state agency about California’s ‘uninsurable future’
Former insurance commissioner warns state agency about California’s ‘uninsurable future’

Former insurance commissioner Dave Jones has a sobering view on the future of homeowner coverage in California: He believes the state is “marching steadily towards an uninsurable future.” That’s because world leaders aren’t acting aggressively and fast enough to reduce greenhouse gas emissions, Jones told…
Public officials to address crisis over home insurance
Public officials to address crisis over home insurance

Hear from experts about how state officials are addressing the homeowner insurance crisis and how you can navigate the tools to help you obtain coverage for fire, floods and earthquakes. Assemblymember Jacqui Irwin invites community members to attend an online town hall at 5:30 p.m.…
California’s home insurance crisis: What went wrong, how it can be fixed and what owners can do
California’s home insurance crisis: What went wrong, how it can be fixed and what owners can do

Climate change and extreme weather have contributed to catastrophic fires that destroyed thousands of California homes in recent years — and an insurance crisis that could result in the biggest set of regulatory changes since the passage of Proposition 103 in 1988. Insurers have pulled…
California Won’t Let Homeowners Insurance Companies Raise Rates, so They’re Leaving the State Instead
California Won’t Let Homeowners Insurance Companies Raise Rates, so They’re Leaving the State Instead

Reading insurance trade magazines isn’t everyone’s idea of a great time, but every Californian should pay attention to the latest news in that arcane world. “State Farm to pull out of 72,000 California insurance policies,” blared a Reinsurance News headline. State Farm provides nearly 21…
SC Ruling Reinforces All Sums Coverage Trend
SC Ruling Reinforces All Sums Coverage Trend

A South Carolina state court’s recent ruling in Covil v. Pennsylvania National is the latest in a series of decisions, dating back to the 2016 New York Court of Appeals ruling in Viking Pump, that reject insurers’ pro rata allocation argument, further supporting that all…
California FAIR plan becomes prominent insurer amid rate hikes and limited availability
California FAIR plan becomes prominent insurer amid rate hikes and limited availability

The California FAIR plan, also known as the state’s Insurer of Last Resort, is quickly becoming homeowner’s first and only resort in some areas. “The problem is real. It’s not available in many cases, and it’s not affordable when it’s available,” said Paradise Mayor Ron…
State Farm dropping California policyholders
State Farm dropping California policyholders

Is it home break-ins? Wildfires? Why is State Farm planning to not renew some 30,000 homeowners and 42,000 commercial apartment policies starting this summer in both Northern and Southern California? “It’s an outrage that State Farm is dumping so many customers that have paid their…
Insurers Fleeing Fire Risks Fuel California Leader’s Rise (1)
Insurers Fleeing Fire Risks Fuel California Leader’s Rise (1)

California’s newest state Senate president is only 44 but an old-school throwback: Mike McGuire climbed the political ladder by winning elections to the school board, mayor and county government and with a granular focus on bread-and-butter constituent issues. His profile grew after the Tubbs wildfire…
State Farm to discontinue 72,000 California home policies due to “financial health”
State Farm to discontinue 72,000 California home policies due to “financial health”

Some State Farm customers will have to look elsewhere for insurance, after the state’s biggest insurer announced it would be discontinuing 72,000 policies this year. According to the announcement this week, 30,000 homeowner policies will not be renewed. They will also be withdrawing from offering…
‘In deep doo-doo’: Policyholders left scrambling as state’s largest home insurer retreats
‘In deep doo-doo’: Policyholders left scrambling as state’s largest home insurer retreats

This week, with little forewarning, more than 70,000 State Farm policyholders in California were unceremoniously informed that their insurance policies would not be renewed. Via a thin boilerplate letter, the state’s largest insurer gave little in the way of details to some 30,000 residential customers…
Insurers Report Rising Hail Damage Claims
Insurers Report Rising Hail Damage Claims

Inflation is driving up the cost of materials and labor to repair roofs and cars. Adding to insurers’ costs is increased development in areas affected by severe storms. Golf balls, tennis balls, softballs. All sound like the stuff of fun games — except when they…
Rising insurance costs are making homeownership even more expensive
Rising insurance costs are making homeownership even more expensive

As homeowners in Vero Beach, Florida, Marie and Jack Zuzack have had their share of insurance problems. She’s a retired city planner; he worked in biotech research. They own an older home that’s more vulnerable to hurricanes than modern buildings, and two years ago, after…
State Farm dropping 72,000 California home, apartment insurance policies
State Farm dropping 72,000 California home, apartment insurance policies

The Illinois-based company is one of several carriers that in the past two years have back off of or walked away from property insurance coverage in the Golden State. Windsor resident Julie Tyler is among the latest round of policyholders who was forced to find…
State Farm will not renew thousands of California insurance policies over the next year
State Farm will not renew thousands of California insurance policies over the next year

State Farm plans to continue scaling back on what it offers to policyholders in California. That includes homeowner and rental dwelling policies. (Previous coverage in video player above: Consumer advocates say other insurance companies can help after State Farm won’t take on new policies for…
Little Hoover Commission plans March 28 hearing on homeowners’ insurance market
Little Hoover Commission plans March 28 hearing on homeowners’ insurance market

On Thursday, March 28, the Little Hoover Commission will conduct the first in a series of public hearings on California’s Homeowners’ Insurance Market at 10 a.m., followed by a Business Meeting. Both meetings will be held in the Coastal Hearing Room at the CalEPA Headquarters…
Complaints to MN Department of Commerce about homeowner insurance doubled since 2020
Complaints to MN Department of Commerce about homeowner insurance doubled since 2020

Homeowners insurance complaints to the Minnesota Department of Commerce have more than doubled since 2020, jumping from 569 in 2020 to 1,185 complaints in 2023. Many of those complaints are from homeowners concerned their claims were denied or they faced high out-of-pocket costs after damage…