July 11, 2024 Insurance Companies Are Using Drones To Monitor Homes — 4 Things They’re Looking For That Could End Up Costing You If you’re a homeowner and notice a drone hovering around your house, don’t assume it’s one of the neighbors playing with a new toy. It could be your homeowners insurance company doing a little spying to see if your house and property meet all the…
July 11, 2024 Allstate in midst of requesting 34% insurance rate hike Allstate has asked the state to approve an average 34.1% homeowners insurance rate hike for this year, the Department of Insurance confirmed Thursday . The rate hike request, filed in April 2023, was initially for 39.6%. But Consumer Watchdog, a Santa Monica-based consumer advocacy group,…
July 10, 2024 5 questions with Tahoe Truckee Community Organizations Active in Disaster Even this week, with the Royal Fire, we’ve seen an example of the risk Tahoe faces when it comes to disasters. Nonprofits and community-based organizations are a key partner to the county when disaster strikes, often supporting vulnerable residents with disabilities or other challenges. This…
July 9, 2024 Insurance – Pandemic – Restaurants Where plaintiff restaurant owners filed a complaint over the defendant insurance company’s denial of their claim for the loss of business income sustained during the COVID-19 pandemic, a judgment in favor of the insurer should be affirmed under Verveine Corp. v. Strathmore Ins. Co., 489…
July 8, 2024 Home Insurance Rates in America Are Wildly Distorted. Here’s Why. Climate change is driving rates higher, but not always in areas with the greatest risk. Enid, Okla., surrounded by farms about 90 minutes north of Oklahoma City, has an unwelcome distinction: Home insurance is more expensive, relative to home values, than almost anywhere else in…
July 5, 2024 United Policyholders available for hurricane recovery information Hurricane recovery and insurance questions? Road map to recovery help is available Tuesday, July 16, from 10 a.m. to 2 p.m., at the Greater Pine Island Alliance office at 10484 Stringfellow Road, Suite 2, St. James City. For additional information, contact Julitza Perez @ julitza@uphelp.org…
July 5, 2024 State Farm Requests Major Rate Increases Amid Escalating California Insurance Crisis Mere months after its last rate increases went into effect, California’s largest insurance provider is asking for another huge hike. Earlier this week, State Farm’s California subsidiary submitted a request to the Department of Insurance to raise its rates by an average of 30% for…
July 3, 2024 ‘We have no voice’: NC consumers sidelined as state and insurers negotiate new rates As weather-related risks mount, companies are pushing for higher homeowners’ premiums in North Carolina. Policyholders are pushing back. Read more.
July 1, 2024 Calif. Long-Tail Ruling Continues Policyholder-Friendly Trend The California Supreme Court’s recent ruling in Truck Insurance Exchange v. Kaiser Cement & Gypsum, rejecting horizontal policy exhaustion, was the latest in a string of its decisions involving insurance coverage for continuous or progressive injury claims that favor policyholders, say Billie Mandelbaum and David…
June 29, 2024 State Farm seeking 30% rate hike for CA homeowners: Here’s what to know Many California homeowners are concerned about their home insurance, and that anxiety ratcheted up on Friday when State Farm requested one of its biggest rate increases ever, a sign they may be struggling financially. “It’s critical to understand that nothing changes today for State Farm…
June 28, 2024 Opinion: In California, State Farm is not such a good neighbor after all For decades, people have dutifully paid their insurance premiums, trusting that when disaster strikes, their insurance companies would stand by them. However, recent decisions by major insurers to abandon homeowners, renters and businesses across California, including in San Diego County, have shattered this trust. This…
June 28, 2024 State Farm seeks ‘seismic-level’ rate hike as insurance crisis becomes ‘perfect storm’ Mere months after its last rate increases went into effect, California’s largest insurance provider is asking for another huge hike. Earlier this week, State Farm’s California subsidiary submitted a request to the Department of Insurance to raise its rates by an average of 30% for…
June 28, 2024 State Farm customers in California may have to significantly pay more coverage Insurance prices continue to rise in the state, even as some lose their coverage despite working to keep areas safer from wildfires The latest hike request coming from insurance companies comes from State Farm, which earlier this week asked the California Department of Insurance for…
June 26, 2024 GPIA gives update on island’s recovery Representatives of United Policyholders attend meeting, provide information to assist islanders Last Tuesday, June 18, the Greater Pine Island Alliance providing an update on the island’s recovery during its monthly meeting at the Pine Island Community Church where guest speakers from United Policyholders were asked…
June 25, 2024 12% Americans Don’t Have Home Insurance: Why More Homeowners Don’t Think The Rising Prices Are Worth It Americans are increasingly dropping their homeowner insurance policies or falling behind on payments amid high living costs and rising coverage premiums. Read more.
June 24, 2024 As Insurance Soars, Homeowners Ask: Is It Worth It? In the face of inflated supply costs and extreme weather wreaking havoc, home insurance rates have shot through the roof, leaving many Americans begging the question: is owning a home worth it? Retired high school teacher Anjali Tierra is one homeowner who has been without…
June 20, 2024 Marin homeowners grapple with fire insurance cancellations Marin residents are among the many Californians who are getting their fire insurance canceled despite the county’s aggressive fire prevention measures. Not even Mark Brown, executive director of the Marin Wildfire Prevention Authority, is immune. “I received my non-renewal notice,” Brown said during a program…
June 18, 2024 Asbestos contribution fight sent back to lower California appellate court The California Supreme Court said Monday that a lower appellate court should determine if a primary insurer can seek contribution from first-level excess insurers for asbestos injury claims. The unanimous high court panel in Truck Insurance Exchange Co. v. Kaiser Cement and Gypsum Corp. reversed…
