SACRAMENTO, Calif. (AP) — Top U.S. insurance companies and associations say California is risking a crisis in the nation’s largest automobile insurance market by refusing to approve any rate increases for more than two years, since the start of the …
SACRAMENTO, Calif. (AP)–Napa wineries and others hard-hit by massive wildfires in California’s wine country and elsewhere will soon be able to tap into the state’s insurance plan of last resort, officials said Friday. Hundreds of farmers, ranchers, wine growers and …
SACRAMENTO, Calif. (AP) — Consumer advocates said Tuesday that they will ask the California Supreme Court to overturn an appeals court ruling they said undermines the state’s ability to order billions of dollars in insurance company refunds. A San Diego-based …
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 …
Predictive modelers told California regulators on Thursday that the state’s antiquated rules for calculating wildfire risk when setting property insurance rates discourage innovative mitigation measures that could ultimately reduce losses. Nancy P. Watkins, a principal and consulting actuary for Milliman, …
A Southern California construction company accuses Arch Insurance Co. of “fraudulent and deceptive behavior,” and has hired the public relations specialist who represented Michael Cohen when he spoke out against President Donald Trump to take those allegations to the press. …
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 …
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 …