Insurers Fleeing California Market Want Rate-Hike Flexibility
Insurers Fleeing California Market Want Rate-Hike Flexibility

California’s size makes it “hard for insurers to walk away” State has an unhealthy property insurance market, industry says As property insurers flee California, a state riven by billion-dollar wildfires, mudslides, and the ever-present threat of a catastrophic earthquake, state lawmakers on Wednesday will take…
COVID-19 insurance coverage lawsuit pending in Nevada Supreme Court could be a game-changer
COVID-19 insurance coverage lawsuit pending in Nevada Supreme Court could be a game-changer

Some Nevada business owners eagerly await a Nevada Supreme Court ruling about COVID-19 insurance coverage. The decision could set precedent on whether insurance companies need to reimburse businesses for pandemic-related losses. The owner of Las Vegas Strip open air mall Grand Bazaar Shops, JGB Retail,…
Marin homeowners rattled as insurers bail over fire risks
Marin homeowners rattled as insurers bail over fire risks

When Larkspur resident Anita Bock heard that her insurer, State Farm, stopped writing new policies in California, she immediately called her agent to ask if she would lose her coverage — again. “He said that at this point in time, there’s no indication that’s going…
Recovery for 2013 Black Forest fire survivors boosted by Waldo Canyon volunteers
Recovery for 2013 Black Forest fire survivors boosted by Waldo Canyon volunteers

Mentoring programs and kvetching groups created out of the ashes of the Black Forest fire formed bonds so strong that a decade later many relationships are still intact — much like chards of china that withstand a blaze because the ceramic itself had been born…
Home Insurers Curb New Policies in Risky Areas Nationally
Home Insurers Curb New Policies in Risky Areas Nationally

Pullback goes beyond California and Florida as insurers face climate risks and inflation Read the article here.
California Annuity Sales Rule Bill Faces Consumer Group Opposition
California Annuity Sales Rule Bill Faces Consumer Group Opposition

SB 263, California’s annuity sales standards update bill, sailed through the state Senate in May, with no opposing votes at the committee level or on the state Senate floor. But the ultimate fate of the bill is still uncertain because of ongoing strong opposition from…
Climate disasters make it harder to insure your home. Here’s what to know.
Climate disasters make it harder to insure your home. Here’s what to know.

Premiums are soaring and carriers are pulling back coverage, citing disaster risks. Climate change is a big factor, but there are others at play. Homeowners are bracing for hurricane and fire seasons, but with insurance premiums rising and carriers pulling back coverage in riskier states,…
Allstate becomes the second home insurer to pull out of California
Allstate becomes the second home insurer to pull out of California

State Farm announced a similar decision last week The question must now be asked. Will California homeowners be able to buy insurance coverage for their homes? Allstate has become the second major insurance company to announce it will stop writing homeowners insurance policies in the…
Nevada’s highest court hears insurance dispute from COVID-19 lockdowns
Nevada’s highest court hears insurance dispute from COVID-19 lockdowns

The Nevada Supreme Court heard oral arguments Monday from an insurance company claiming it should not have to provide coverage to a Strip open-air mall that lost business due to the COVID-19 lockdowns in 2020. JGB Vegas Retail Lessee, which owns the Grand Bazaar Shops…
Consumer advocates say home insurance is still available in California without State Farm
Consumer advocates say home insurance is still available in California without State Farm

They are assuring property owners that other insurers will be able to help them find coverage. State Farm recently announced that it would no longer be accepting new home insurance and business insurance applications in California, due to the increasing frequency of wildfires and the…
Housing Market 2023: Allstate and State Farm Halt Homeowners Insurance In California — Smart Ways Californians Can Still Get Coverage
Housing Market 2023: Allstate and State Farm Halt Homeowners Insurance In California — Smart Ways Californians Can Still Get Coverage

ust as wildfire season begins, State Farm General Insurance Company, State Farm’s provider of homeowners insurance in California, announced it would not accept any new applications for home insurance policy as of May 27 “due to historic increases in construction costs outpacing inflation, rapidly growing…
State Farm, Allstate not accepting new homeowner policies over California wildfire risk
State Farm, Allstate not accepting new homeowner policies over California wildfire risk

Insurance companies like State Farm and now Allstate are not accepting new homeowner policies due to California’s wildfire risk. There will be no change to existing policy holders, but it will be tough for people looking for new coverage. An industry expert said the changes…
Allstate also halting home insurance policies in California due to wildfire risk
Allstate also halting home insurance policies in California due to wildfire risk

ABC7 reported how State Farm Insurance stopped selling new homeowner policies in California on Saturday — now a second major carrier, Allstate Insurance, confirmed today it ended new home policies in the state last year. On top of that, sources tell 7 On Your Side…
Four Steps to Finding Home Insurance in California
Four Steps to Finding Home Insurance in California

If you’ve been dropped by your home insurance company, there are steps you can take to stay protected Not having insurance for your home can be nerve-wracking, and more and more, there are homeowners put in positions where their insurance companies drop them, citing high…
State Farm won’t sell new home insurance in California. Can the state shore up the market?
State Farm won’t sell new home insurance in California. Can the state shore up the market?

State Farm made national headlines last week when it said it would stop selling new home insurance policies in California. As California’s largest single provider of bundle home insurance policies — the company had 20% of the market in 2021 — the news struck some…
State Farm won’t write new home policies in California. Here’s what could happen next
State Farm won’t write new home policies in California. Here’s what could happen next

State Farm, California’s largest property and casualty insurer, ceased writing new homeowners’ policies in the state on Saturday, citing wildfires, rising construction costs and challenges with reinsurance. Consumers were left worrying that their rates would soar and it would be harder to get insurance. Some…
Can California shore up home insurance market after State Farm halts new policies?
Can California shore up home insurance market after State Farm halts new policies?

The retraction of California’s biggest home coverage provider is only the latest development in a wildfire-fueled crisis State Farm made national headlines last week when it said it would stop selling new home insurance policies in California. As California’s largest single provider of bundle home…
Unregulated insurers taking a bigger piece of Louisiana’s property insurance market
Unregulated insurers taking a bigger piece of Louisiana’s property insurance market

Upstart ‘insurtech’ company among firms gaining customers in state For nearly a decade, Denise Hancock always turned to a broker to find competitively priced home insurance. So when her insurer, United Property and Casualty, went under earlier this year, Hancock appealed to her longtime agent.…