Search results
Results from the WOW.Com Content Network
The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market ...
From 2012 to 2021, home insurers in California lost money on underwriting and insurance transactions, while nationwide average profit margins on those deals were 3.6% to 4.2%, respectively.
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 ...
Fire: Unless a fire was started intentionally in your home, damage will most likely be covered by your home insurance policy. Homeowners in areas with significant wildfire threat may see higher ...
Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
Due to California's wildfire insurance crisis, homeowners in fire-prone areas are facing increasingly high rates or losing coverage altogether. Don't miss Car insurance premiums in America are ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Homeowners in areas at high risk of wildfires could have an easier time finding insurance coverage in the future under an eagerly-awaited proposal released Wednesday by the Department of Insurance.