Policyholders See Notable But Limited Win In NC Virus Suit
Policyholders See Notable But Limited Win In NC Virus Suit

North Carolina’s top court handed policyholders a rare victory last week in finding that the “direct physical loss” requirement for “all-risk” insurance can cover losses connected to the coronavirus pandemic, but… Read more
Franklin Fire Update In Malibu
Franklin Fire Update In Malibu

On Sunday, December 15, the LA County Sheriff’s Department posted on its Facebook page an update to the Franklin Fire. As of 9 a.m. @lacountyfd reported that acreage remains at 4,037, and containment is now at 42 percent. Teams have completed 95 percent of the…
Rockets to our rescue? New insurer uses physics to sell (not drop) home policies
Rockets to our rescue? New insurer uses physics to sell (not drop) home policies

Insurance is complicated, with long lawyerly contracts and jargon by the ream. To the average policyholder, it’s as complex as rocket science. And that’s exactly what a new insurance company is bringing to California’s insurance crisis: some rocket science. “This will be a new way…
Why California Insurers Are Being Forced Back Into Wildfire Zones
Why California Insurers Are Being Forced Back Into Wildfire Zones

California Introduces New Rules to Boost Wildfire Coverage in At-Risk Areas California has long struggled with providing adequate home insurance to residents living in wildfire-prone regions. After devastating fires in recent years and increasing climate risks, a new set of regulations aims to stabilize the…
Insuring your home has never been harder. Here’s how to do it.
Insuring your home has never been harder. Here’s how to do it.

Christina Temple moved to Truckee, California, to buy her first home. The small mountain town, a short drive from Lake Tahoe, offered the former preschool teacher and her husband, a carpenter, a shot at becoming middle class by escaping crushing housing costs near Santa Cruz,…
Policyholders Win a Covid Case! North Carolina Supreme Court Rules Government Closure Order Can Result In “Direct Physical Damage”
Policyholders Win a Covid Case! North Carolina Supreme Court Rules Government Closure Order Can Result In “Direct Physical Damage”

I have a vision of Amy Bach, the Executive Director of United Policyholders, jumping for joy as she read the North Carolina Supreme Court opinion, which the insurance industry must think of as a Friday the 13th ruling. The court noted its conclusion early in the opinion: Because…
NC Justices Topple Insurer Victory In COVID Coverage Battle
NC Justices Topple Insurer Victory In COVID Coverage Battle

The North Carolina Supreme Court handed policyholders a rare win Friday… Read more
California issues landmark rules to improve home insurance market
California issues landmark rules to improve home insurance market

Landmark regulations intended to encourage insurers to write more policies in risky wildfire neighborhoods through the use of complex computer models were released Friday by the state. Under new rules intended to stabilize California’s troubled home insurance market, insurers will be able to set rates…
In a California “first,” Commissioner Lara announces enforcement of regulation to expand insurance coverage across state
In a California “first,” Commissioner Lara announces enforcement of regulation to expand insurance coverage across state

For Release: December 13, 2024 Media Calls Only: 916-492-3566 Email Inquiries: cdipress@insurance.ca.gov In a California “first,” Commissioner Lara announces enforcement of regulation to expand insurance coverage across state Homeowners and businesses will see greater availability, market stability, and recognition for wildfire safety through use of…
California’s Evolving Insurance Market: Is Relief on the Horizon?
California’s Evolving Insurance Market: Is Relief on the Horizon?

California’s home insurance market has been under immense pressure in recent years, leaving homeowners dealing with uncertainty about their coverage. Farmers Insurance, the state’s second-largest home insurer, recently announced a significant decision to expand the number of policies it writes each month. While it marks…
‘Mold, algae’: Insurer drops SF homeowners, citing aerial footage of roof that didn’t exist
‘Mold, algae’: Insurer drops SF homeowners, citing aerial footage of roof that didn’t exist

Have you been dropped by your insurer because of pictures taken of your house? 7 On Your Side investigates an insurance company who did that and looked into its use of aerial footage to make decisions on a local homeowner’s policy. Liberty Mutual Insurance says…
Farmers Insurance says they’ll write more policies as homeowners’ market improves
Farmers Insurance says they’ll write more policies as homeowners’ market improves

Farmers is California’s second-largest home insurer and the largest business insurer. It now says California’s “improved insurance marketplace” allows it to expand the number of policies it writes each month. But, does that mean California’s insurance drought is ending? With a total 8.4 million homes…
‘Mold, algae’: Insurer drops SF homeowners, citing aerial footage of roof that didn’t exist
‘Mold, algae’: Insurer drops SF homeowners, citing aerial footage of roof that didn’t exist

Have you been dropped by your insurer because of pictures taken of your house? 7 On Your Side investigates an insurance company who did that and looked into its use of aerial footage to make decisions on a local homeowner’s policy. Liberty Mutual Insurance says…
Farmers Insurance says it will add more policies in California
Farmers Insurance says it will add more policies in California

In a surprise announcement, California’s second-largest insurance provider, Farmers Insurance, says it is going to add more policies for property owners. Starting Saturday, Farmers told NBC Bay Area it will increase the number of new home insurance policies it accepts each month in California from…
Putting Florida more in line with national practices
Putting Florida more in line with national practices

Stacey Clark walks around her Bethel Creek home with her dog Sweetie on Oct. 15 after a tornado tore through her home Oct. 9 before Hurricane Milton passed through the area. Clark was in her home with Sweetie when the tornado ripped her roof off.…
Earthquake policyholders scarce despite quake risk
Earthquake policyholders scarce despite quake risk

North Bay property owners may be rethinking their insurance coverage following the 7.0 earthquake off the coast of Humboldt County on Thursday morning. Despite experiencing 90% of the nation’s earthquakes, only 10% of California’s residents have earthquake insurance, according to the Federal Emergency Management Agency.…
Earthquake policyholders scarce despite quake risk
Earthquake policyholders scarce despite quake risk

North Bay property owners may be rethinking their insurance coverage following the 7.0 earthquake off the coast of Humboldt County on Thursday morning. Despite experiencing 90% of the nation’s earthquakes, only 10% of California’s residents have earthquake insurance, according to the Federal Emergency Management Agency.…
The other ‘mean season’ begins as insurers tally losses, decide whether premium hikes needed
The other ‘mean season’ begins as insurers tally losses, decide whether premium hikes needed

In mid-November, more than a month after Hurricane Milton’s Florida landfall rendered her Zephyrhills home uninhabitable, Jessica Fernandez was still wondering how her life could be returned to anything like it was before Mother Nature’s fury descended from the skies. She filed insurance claims the…