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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 ...
In a survey of national claims handled by the state's leading home insurance companies, affiliates of Los Angeles-based Farmers Insurance topped the list, denying about 50% of claims for payment.
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
According to the industry's Insurance Information Institute, California’s insurers paid out $1.08 in claims and claims-related expenses for every dollar collected in premiums between 2013 and 2022.
Facing mounting losses from paying out California claims, insurance giants, including Allstate, State Farm, and Farmers, have either pulled out of the state entirely in recent years or limited the ...
Between 2020 and 2022, insurance companies declined to renew more than 2.8 million homeowners policies in California, according to CNN. In recent years, many insurers have scaled back operations ...
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.
Term. Meaning. Appraisal. An appraisal is a detailed assessment of either the property or property damage. An appraisal is written by an adjuster to estimate the amount of damage from a loss.