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"California is preventing insurance companies from canceling home coverage for LA wildfire victims in impacted zip codes over the next year,” Newsom shared on X, formerly Twitter. “The folks ...
About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch.
Insurance companies dropped 1.72% of Californian homeowners' policies in 2023, according to a December report by the U.S. Senate Budget Committee. ... were covered through the California Fair ...
Residents can visit the Department of Insurance website at insurance.ca.gov to see if their ZIP codes are included in the moratorium. They can also contact the department at (800) 927-4357 or via ...
One alternative to the state’s fire and insurance crisis could lie with addressing the 15 million acres in California the United States Forest Service says requires forest thinning to become ...
State Farm alone dropped nearly 72,000 policies there. ... What California residents can do about fire insurance. California Insurance Commissioner Ricardo Lara is cracking down on the insurance ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance.
California does have an insurance program under the Fair Access to Insurance Requirements Plan, established in the 1960s, which provides fire insurance coverage for high-risk properties.
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