News
State lawmaker proposes mortgage forbearance extension for fire survivors
17+ hour, 2+ min ago (174+ words) State lawmaker proposes mortgage forbearance extension for fire survivors'Los Angeles Daily News State Assemblymember John Harabedian, D-Pasadena, announced this week a pair of legislative mortgage protections for fire survivors. First, Harabedian announced legislation to extend AB 238: The Mortgage Forbearance Act…...
Wildfire insurance battles: California bills propose consumer-friendly regulations
3+ week, 23+ hour ago (738+ words) By Levi Sumagaysay | CalMatters Jen Egan is still dealing with the aftermath of the Palisades Fire that damaged the home of her 83-year-old father, Paul, last January. That has meant more than a year of going back and forth with…...
California insurance chief keeps ‘chin up’ ahead of FAIR Plan, policy reforms
4+ week, 1+ hour ago (1742+ words) A few weeks after California Insurance Commissioner Ricardo Lara rattled consumer groups with a proposed overhaul to the insurance-rate review process, the embattled state executive ended up at his parent's home in East Los Angeles to catch his breath away…...
Poorer Americans dropped federal flood insurance when rates rose
1+ mon, 3+ week ago (368+ words) By Leslie Kaufman | Bloomberg Most US homeowners insurance policies don't cover flood damage, and the federally subsidized NFIP accounts for nearly 90% of residential flood coverage. The program'was created in the 1960s to make flood insurance more accessible. But by charging premiums…...
How to avoid overpaying for escrow and title insurance
4+ mon, 2+ week ago (987+ words) If you want to make your home purchase just a little more affordable, focus on the transaction costs. You may not be able to do much about the home price because you and the seller must come to a mutual…...
California commissioner proposes insurance rule that critics call ‘revenge’
4+ mon, 2+ week ago (788+ words) By Levi Sumagaysay | CalMatters California Insurance Commissioner Ricardo Lara is proposing more new insurance rules that critics are calling "vindictive," and which they say will only make it easier for insurers to raise rates. Home insurance costs in California are…...
These are the wildfire-related bills the California Legislature OK’d this year
4+ mon, 3+ week ago (932+ words) Of the dozens of wildfire-related bills that legislators were quick to introduce in the wake of the wildfires that ravaged greater Los Angeles in January, roughly half of the ones tracked by Southern California News Group'have passed out of the…...
A Mississippi city’s tax break spurred post-Katrina building. But will homes stand the next storm?
5+ mon, 2+ week ago (930+ words) By JEFF AMY, Associated Press "People are always going to gravitate to the water," he said. "And we have a beautiful waterfront." "The local government was not necessarily thinking we need people to build in this flood-prone place," Miyuki Hino,…...
King fire burns 400 acres in Gorman, with 5% containment
5+ mon, 4+ week ago (204+ words) Flames from the Sunset fire burning in the Runyon Canyon area of the Hollywood Hills move toward homes on Curson Ave. on Wednesday, Jan. 8, 2025. (KNN News) A quick-moving wildfire in Gorman has seared about 400 acres, at one point closing the…...
New FAIR Plan data reveals problem with zoning restrictions in California
6+ mon, 20+ hour ago (541+ words) A home is being built on the site of a home destroyed in the Eaton fire on Highview St. in Altadena on Thursday, July 17, 2025. (Photo by Dean Musgrove, Los Angeles Daily News/SCNG) The FAIR Plan is California's "insurer of…...