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Here's what's going on — and some steps homeowners can take now to lessen the blow. Read more:State Farm won’t renew 72,000 insurance policies in California, worsening the state's insurance crisis
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 ...
"California's one-two punch—forcing companies to write risky policies while also limiting their ability to charge market rates—would leave insurers with little choice but stop writing new ...
Insurance companies dropped 1.72% of Californian homeowners’ policies in 2023, according to a December report by the US Senate Budget Committee. ... Some 450,000 homes — about 3% of all state ...
Meanwhile, it has only around $200 million in cash on hand and $2.5 billion it can tap from reinsurance firms that act as backstops to insurance companies. More and more homeowners have come to ...
On Tuesday, Mercury Insurance, an independent home insurer in California, announced it would begin writing new homeowners insurance policies in the town of Paradise, the site of the deadly Camp ...
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