What is Reinsurance?
What is Reinsurance?

What ( the #%!) is Reinsurance? And how does it impact homeowners insurance in California? The following was written by Joel Laucher, a former regulator and current United Policyholders’ staff member whose work is focused on wildfire risk reduction and appropriate insurance rewards for mitigation.…
California’s New Home, Auto Insurance Strategy Is Controversial. Here’s Why
California’s New Home, Auto Insurance Strategy Is Controversial. Here’s Why

It happened like clockwork. On Thursday, Gov. Gavin Newsom issued an executive order calling for swift action to expand insurance coverage options for consumers. Hours later, California Insurance Commissioner Ricardo Lara outlined what he termed “the largest insurance reform” in decades. The regulation, to be…
California Insurance Carriers Can Use Disaster Models for Pricing
California Insurance Carriers Can Use Disaster Models for Pricing

California has reached an “historic” agreement with insurance carriers to modernize the way pricing is related to the cost of disasters in order to stem an exodus of the largest carriers from the Golden State. After seven of the top 12 insurance carriers in California…
California announces changes to home insurance market to address wildfire coverage
California announces changes to home insurance market to address wildfire coverage

Wildfires have prompted some insurance companies to cease writing new policies In a bid to bolster wildfire coverage in the face of increasing natural disasters, California is set to revamp its home insurance market with a series of new regulations, announced last week. In recent…
Can this plan fix California’s insurance crisis? What you need to know
Can this plan fix California’s insurance crisis? What you need to know

Lara-backed deal would allow major insurers to charge more in exchange for requiring coverage in wildfire-prone areas A week after negotiations to rescue California’s floundering home insurance market stalled out in the Legislature, the state’s top insurance regulator put out his own rescue plan that…
Can This Plan Fix California’s Insurance Crisis? What You Need To Know
Can This Plan Fix California’s Insurance Crisis? What You Need To Know

A week after negotiations to rescue California’s floundering home insurance market stalled out in the Legislature, the state’s top insurance regulator put out his own rescue plan that effectively amounts to a trade for the state’s major insurers. Under proposed regulations Insurance Commissioner Ricardo Lara…
Wildfire-prone California will allow property insurers to factor future climate risks into pricing
Wildfire-prone California will allow property insurers to factor future climate risks into pricing

Unlike other states, California does not let insurance companies consider future risks when deciding how much to charge for an insurance policy. California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing…
Wildfire-prone California to consider new rules for property insurance pricing
Wildfire-prone California to consider new rules for property insurance pricing

California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state over fears of massive losses from wildfires and other natural disasters. Unlike other states, California does not…
California plans big insurance shifts as climate change hits home
California plans big insurance shifts as climate change hits home

The actions of the nation’s biggest insurance market could have implications for U.S. consumers, as more carriers leave disaster-prone states California top leaders announced Thursday that they are making reforms to the state’s insurance system to stabilize the market, a big shift in one of…
Wildfire-prone California to consider new rules for property insurance pricing
Wildfire-prone California to consider new rules for property insurance pricing

A new plan from California’s insurance commissioner aims to stop the nation’s top insurers from leaving the wildfire-prone state by letting them consider climate risks when setting their prices. Unlike most states, California tightly restricts how insurance companies can price policies. Companies aren’t allowed to…
California overhauls home insurance market after wildfire coverage losses. Here’s what that means
California overhauls home insurance market after wildfire coverage losses. Here’s what that means

California will overhaul its home insurance market in an effort to shore up wildfire coverage under new regulations announced Thursday. In recent years as natural disasters have torn through the state, some insurance companies have stopped writing new policies, non-renewed customers and increased rates —…
How Your Insurance Rates are Set in California
How Your Insurance Rates are Set in California

The following was written by Joel Laucher, a former regulator and United Policyholders’ staff member whose work is focused on wildfire risk reduction and appropriate insurance rewards for mitigation. Prior to joining Team UP, Joel rose through the ranks at the California Department of Insurance…
California considers new rules for property insurance pricing
California considers new rules for property insurance pricing

A new plan from California’s insurance commissioner aims to stop the nation’s top insurers from leaving the wildfire-prone state by letting them consider climate risks when setting their prices. Unlike most states, California tightly restricts how insurance companies can price policies. Companies aren’t allowed to…
Can this plan fix California’s insurance crisis? What you need to know
Can this plan fix California’s insurance crisis? What you need to know

A week after negotiations to rescue California’s floundering home insurance market stalled out in the Legislature, the state’s top insurance regulator put out his own rescue plan that effectively amounts to a trade for the state’s major insurers. Under proposed regulations Insurance Commissioner Ricardo Lara…
Commissioner Lara announces Sustainable Insurance Strategy to improve state’s market conditions for consumers
Commissioner Lara announces Sustainable Insurance Strategy to improve state’s market conditions for consumers

Commissioner Lara announces Sustainable Insurance Strategy to improve state’s market conditions for consumers Governor Newsom issues executive order — comprehensive package of executive actions aimed at immediate and lasting changes to protect insurance consumers from climate change Insurance Commissioner Ricardo Lara announced a package of…
Wildfire-prone California announces new rules for property insurance pricing
Wildfire-prone California announces new rules for property insurance pricing

California’s Insurance Commissioner Ricardo Lara said the state will let insurance companies consider climate change when setting their prices, a move aimed at preventing insurers from fleeing the state over fears of massive losses from wildfires and other natural disasters. Unlike other states, California does…
Wildfire-prone California to consider new rules for property insurance pricing
Wildfire-prone California to consider new rules for property insurance pricing

A new plan from California’s insurance commissioner aims to stop the nation’s top insurers from leaving the wildfire-prone state by letting them consider climate risks when setting their prices. Unlike most states, California tightly restricts how insurance companies can price policies. Companies aren’t allowed to…
Wildfire-prone California to consider new rules for property insurance pricing
Wildfire-prone California to consider new rules for property insurance pricing

A new plan from California’s insurance commissioner aims to keep the nation’s top insurers from leaving the wildfire-prone state California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing…