California homeownership costs jump 32% since pandemic began
By Jennifer Epstein | Bloomberg The cost of owning a home in the US has increased 26% since 2020 – and 32% in California – as expenses including taxes, insurance …
Insurance
Get your health care through Covered CA? Beware of this peril
By Ana B. Ibarra | CalMatters Every tax season hundreds of thousands of Californians are hit with an unexpected bill: They owe hundreds of dollars or more to the IRS …
Newsom’s plan to speed up insurance rate hikes assailed
Gov. Gavin Newsom’s new proposal to speed approval of rate hikes for most types of property insurance and help stabilize a collapsing market will cost Californians billions of dollars, consumer …
Home insurance companies may use aerial images to drop policies
By Sarah Schlichter | NerdWallet It’s a notice no homeowner wants to get: Your insurance company has decided not to renew your policy, effective in 30 days. The reason? Based …
Move could help many avoid cancelled policies
As some Californians continue scrambling for ways to affordably insure their homes, Gov. Gavin Newsom on Friday announced a push to expedite how quickly insurance companies can increase rates. Speedier …
Jury awards California sisters $18 million from insurance company that offered only $5,000 for storm damage
A San Bernardino County jury has awarded two women $18 million after determining their insurance carrier acted in bad faith when it failed to pay out more than $100,000 to …
Travelers Insurance is raising California home insurance rates by 15%
One of California’s largest home insurers is raising rates for hundreds of thousands of state policyholders by an average of 15.3%, the latest move by a major insurer to boost …
As Californians mitigate wildfire threats, why is there still an insurance crisis?
Spend any time thinking or talking about insurance in California these days and you’re bound to hear the word “mitigation.” Fire officials, lawmakers, insurance agents and others are asking homeowners …
New firm formed to take over Bigmotor’s operations
A new company called Wecars was formed Wednesday to take over operations at Bigmotor, a scandal-tainted Japanese used car dealer, trading house Itochu, one of the new firm’s shareholders, said. …
Allstate will insure California homes again, under one condition
By Nadia Lopez | Bloomberg Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier …