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Under the new rules, state insurers for the first time will be allowed to use so-called catastrophe models to help determine the cost of home insurance. The models, developed by firms such as ...
Get major insurers to write policies for high-risk areas: The California Department of Insurance is looking for the top 12 home insurance companies in the state to commit to writing a minimum of ...
The Los Angeles-based company, the state's second-largest home insurer, said it will boost the number of homeowners policies it will accept from new customers to 9,500 per month, up from 7,000.
In California, homeowners may be able to purchase a separate standalone policy from either a private insurer or the California Earthquake Authority. ... Homeowners insurance rates by state.
(The Center Square) - California homeowners may face noticeable insurance rate hikes under new rules finalized by state regulators that allow property insurers to use complex climate algorithms ...
The California State Relief Administration (SRA), created in 1935, was the successor to the State Emergency Relief Administration (SERA), created in 1933. The agencies were responsible for distributing state and federal funds to improve conditions in California during the Great Depression , and administered unemployment relief .
California Gov. Gavin Newsom has proposed urgency legislation to expedite the hiking of homeowner insurance rates. It's about time. Because the alternative for many is no insurance at all.
Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at ...