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For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
Insurers are pulling out of big states, and extreme weather and climate change is factoring into the decisions.
“The high wildfire risk in California has led to insurance companies withdrawing from underwriting policies in some parts of the state or limiting coverage for perils like wildfire, making it ...
The California Department of Insurance is following GEICO’s actions, said California Deputy Insurance Commissioner Michael Soller. “We are monitoring to make sure consumers are protected ...
In 2023, three of California’s major home insurance companies denied claims at a higher rate than what was seen in other parts of the U.S., a new report found.. Questions have swirled about the ...
Western & Southern Financial Group, also commonly referred to as Western & Southern, is the Cincinnati, Ohio-based parent company of a diversified group of financial services subsidiaries with $112.2 billion in assets owned and managed as of Dec. 31, 2023. [2] It is a Fortune 500 company at No. 284. [3]
In 2023, State Farm raised rates by an average of 20% for existing customers and said it would no longer accept new homeowners’ insurance applications in California. And in March, the insurance ...
Ukrainian President Volodymyr Zelenskyy has offered to deploy State Emergency Service firefighters to California to help deal with the fires. [294] On January 15, 2025, the Japanese government pledged to provide $2 million through the Red Cross to "establish evacuation sites and offer food and psychological support to those affected by the ...