News
CA lawmakers block bill that would have required audits of utility wildfire spending
9+ hour, 41+ min ago (65+ words) cbs8. com CA lawmakers block bill that would have required audits of utility wildfire spending To stream CBS 8 on your phone, you need the CBS 8 app. Download the CBS 8 app Next up in 5 Example video title will go here for this…...
When a tornado strikes, here's what homeowners insurance really covers
1+ mon, 1+ week ago (619+ words) ATLANTA " A tornado can tear apart a home in seconds. But for many homeowners, the financial shock doesn't end when the storm passes " it starts when they file an insurance claim. Across much of the U. S. , a growing number of homeowners…...
California insurance companies request rate hikes under new reform plan
8+ mon, 2+ week ago (303+ words) SAN DIEGO " Two major California insurance companies, Mercury Insurance and CSAA Insurance, have requested 6. 9% rate increases under the state's new Sustainable Insurance Strategy. The companies filed their requests this month, marking the first rate hikes sought under the recently implemented…...
San Diego sues life insurer over alleged wrongful policy terminations and refusing to find and pay beneficiaries
8+ mon, 2+ day ago (341+ words) SAN DIEGO " The city of San Diego is suing Everlake Life Insurance Company, alleging the insurer has violated California consumer protection laws by wrongfully terminating life insurance policies and failing to contact and pay beneficiaries whose loved ones died, denying…...
San Diego County homeowners offered fire insurance discounts for hardening homes
1+ year, 2+ day ago (324+ words) SAN DIEGO " San Diego County residents who take steps to protect their homes from wildfires may be eligible for insurance discounts and improved coverage options, according to local fire safety experts. The California Department of Insurance now requires insurance companies…...
Some California FAIR Plan homeowners see wildfire insurance rates drop
11+ mon, 2+ day ago (365+ words) SAN DIEGO " Recent wildfires in Southern California have led to an increase in properties being mapped by CAL FIRE as high-risk fire zones. However, this doesn't necessarily mean insurance rates are rising for all homeowners. In fact, some wildfire insurance…...
California's New Plan: Insurance Rates May Rise
9+ mon, 2+ week ago (461+ words) SAN DIEGO " California's Insurance Commissioner Ricardo Lara has announced a new "Sustainable Insurance Strategy" that will allow insurance companies to use catastrophe modeling to determine wildfire risk and set rates. This move, aimed at stabilizing the insurance market in high-risk…...