homeowners News

Court: California Can Expand Insurance for Wildfire Areas

SACRAMENTO, Calif. (AP) — California’s insurance commissioner can order the “insurer of last resort” to offer more options for homeowners who can’t buy traditional coverage because they live in areas threatened by wildfires, a judge ruled. Massive wildfires in recent …

Insurance at Peril For Many in California’s Risky Fire Areas

SACRAMENTO, Calif. (AP) — As California’s wildfire season looms, threatening once again to break records for destruction, tens of thousands of rural homeowners risk facing the flames without enough insurance to rebuild if their homes burn. Insurers have been taking …

Kentucky Governor Tours Flooded Counties, Promises Help

BEATTYVILLE, Ky. (AP) — Gov. Andy Beshear reiterated his promise to seek federal disaster relief on Friday while touring several flooded counties in Eastern Kentucky, the Lexington Herald-Leader reported. “What I saw was the worst flash-flooding that I’ve seen in …

Zillow’s Price Estimates Are Now Cash Offers in Homebuying Push

For years, Zillow Group Inc. has titillated homeowners, prospective buyers and the voyeuristic public by estimating the value of tens of millions of U.S. homes and publishing the results. Now the real estate giant is putting cash behind its number-crunching, …

How Your Water Heater Can Be a Secret Weapon in the Climate Change Fight

Nearly every home has a water heater, but people tend not to think about it until the shock of a cold shower signals its failure. To regulators, though, the ubiquitous household appliance is increasingly top of mind for the role …

Miami Beach Wants to Help Homeowners Adapt to Sea Level Rise

MIAMI (AP) — Miami Beach is exploring a way to help residents cover the cost of floodproofing their properties from heavy rains and high tides made even higher by sea level rise — at least a little. The city is …

Court Rules California FAIR Plan Can Offer Only Fire Insurance

SACRAMENTO, Calif. — A fund that offers only fire insurance to California residents in wildfire-prone areas can’t be required to provide coverage for other hazards such as flooding or theft, a judge ruled this week. Superior Court Judge Mary Strobel …

Insurance Plan Fights Overhaul Aimed at Wildfire Areas

SACRAMENTO, Calif. — As California homeowners in wildfire-prone areas struggle to find insurance, a lawsuit filed Friday will test the state’s authority to help them. California’s insurance industry pays into a fund that sells coverage to people who can’t buy …

California’s Wildfire Crisis Is Roiling Its Insurance Market

Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los Angeles. It had safety features tucked into the …

Fraud Plagues Disaster Relief Efforts

PANAMA CITY, Fla. — As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid …