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Starting January 1st, insurance companies will have new wildfire laws to follow in Oregon.
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Drivers’ complaints about difficulty getting insurance coverage prompt state to reiterate laws, signal possible enforcement actions.
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“Will Californians see increased insurance costs in the future? The only realistic answer is yes,” California Insurance Commissioner Ricardo Lara told state lawmakers this week.
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Californians have said they experienced added difficulty over the past year in getting car insurance. Insurer rates have gone up more than usual.
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The program, funded in large part by taxpayer money, pays farmers when their crop yields decline in an effort to keep the agricultural sector economically stable.
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The state’s unemployment insurance debt, which ballooned as a result of the pandemic, is in dire straits with no clear path forward.
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Insurance Commissioner Ricardo Lara unveils a plan to shore up the California insurance market for homeowners. Insurers would return to wildfire zones, but would have an easier path to rate increases.
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Legislators weren’t able to reach a compromise that helps insurers with wildfire risk while also protecting homeowners. Interest groups hope to find one in meetings this fall.
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After California’s largest home insurance provider said it wouldn’t issue new policies, consumer and insurance industry groups have ideas for what they’d like to see California do. Here’s the debate over four of those ideas.
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Wildfires and expensive rebuilding wiped out profits among California home insurers. State Farm isn’t the first insurer to retreat from the state, and may not be the last.
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The announcement is the latest development in what has been a years-long issue in California: insurance companies dropping homeowners because of the growing risk of wildfires.
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Many Southern Oregon residents were frustrated with state officials during a public hearing Wednesday night over the state’s new wildfire risk map.
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As the threat of longer, more devastating wildfire seasons increases risks for California homeowners, insurance companies have been responding with their…