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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 ...
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 ...
California wildfires have burned more than 832,000 acres so far this year, so the news that any insurer is ending fire insurance coverage is jarring for homeowners in the state, but for 17,000 ...
Rep. Maxine Waters, a Democrat from California whose district includes parts of Los Angeles, told CBS MoneyWatch she will soon re-introduce a bill called the Wildfire Insurance Coverage Study Act ...
The problem of canceled policies has forced some homeowners to go without fire insurance or to use a program set up by the state — but without taxpayer support — called the California FAIR plan.
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. The ...
At least 10 major insurers have either left or reduced coverage in California in the past four years. During that time, the number of homeowners signing up for the state's insurer of last resort ...
The 2018 fire in Paradise, California, killed 85 people and destroyed about 11,000 homes, and some residents have struggled to find home insurance since. Steve Crowder, the town's mayor, lost his ...