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A spokesperson for State Farm declined to comment on the decision but said: "Our number one priority right now is the safety of our customers, agents and employees impacted by the fires and ...
"Premiums are increasing in fire-prone areas because insurance companies are dealing with more claims and bigger payouts," says Nick Ramirez, a California-based Goosehead insurance agent. "It’s ...
The regulations now require companies to insure properties in vulnerable areas at a rate equivalent to 85 percent of their California market share — increasing such coverage by 5 percent ...
A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in ...
The state Department of Insurance issued a new regulation last month meant to turn the tide of some of the largest insurance companies' refusal to take on new customers in California or decisions ...
California isn’t the only state facing pressure on its “last resort” insurance plan. Florida covers nearly 1 million households on its Citizens Plan, making it the largest property insurer ...
Currently, California homeowners in high-risk areas have few insurance options. Many have turned to the California FAIR plan, a private program established by the state and designed to be a fire ...
L.A. fire maps show Palisades, Eaton and more fires in California right now Emily Mae Czachor, John Kelly, Taylor Johnston, Grace Manthey Updated January 22, 2025 at 5:07 PM