News
What’s a fire risk score – and how could it be impacting your home insurance rate?
22+ hour, 3+ min ago (538+ words) Action News Now's Bella Barbosa reports from Paradise on how fire risk scores are impacting home insurance for some on the ridge. PARADISE, Calif. - The future of home and business insurance remains uncertain in California due to wildfire risk. The…...
Paradise rebuilds, but rising insurance costs dampen recovery
3+ mon, 3+ week ago (400+ words) PARADISE, Calif. " Nearly seven years after the Camp Fire devastated Paradise, the town continues to make significant progress in rebuilding. But as new homes rise across the Ridge, many residents face a growing obstacle " the soaring cost of homeowners insurance....
New strategies to boost insurance options in California
4+ mon, 1+ week ago (234+ words) SACRAMENTO, Calif. " Governor Gavin Newsom issued an executive order focusing on insurance stability, with Insurance Commissioner Ricardo Lara emphasizing a need for a "whole-of-government" approach. In a press release, Commissioner Lara highlighted that five major insurance companies, including three top…...
Insurance Commissioner Lara issues notice to insurance companies regarding mudslides and debris flows due to wildfire burn scars
4+ mon, 2+ week ago (323+ words) SAN BERNARDINO, Calif. -California Insurance Commissioner Ricardo Lara has issued a notice to insurance companies in California, reminding them of their obligation to cover damages from mudslides and debris flows caused by recent wildfires. This comes as storms moved through…...
Insurance Commissioner Lara takes formal legal action against the California FAIR Plan Association
6+ mon, 1+ week ago (440+ words) SACRAMENTO, Calif. -On Thursday, Insurance Commissioner Ricardo Lara announced legal action against the California FAIR Plan Association for allegedly denying smoke damage claims from wildfire survivors. The state's insurer of last resort is accused of using arbitrary requirements to deny…...
Insurance Commissioner Lara adopts judge's ruling on State Farm emergency rate increase
8+ mon, 4+ week ago (249+ words) The ruling follows a three-day hearing conducted by an administrative law judge, who found that State Farm is experiencing significant financial distress. SACRAMENTO, Calif. - California Insurance Commissioner Ricardo Lara has adopted a judge's ruling that grants State Farm an emergency…...
State Farm will have to justify rate hike for homeowner's insurance at April public hearing
10+ mon, 3+ week ago (190+ words) SACRAMENTO, Calif. - California Insurance Commissioner Ricardo Lara has given the go ahead for a State Farm request to raise rates by about 22% for homeowners -- with conditions. With California dealing with a home insurance crisis, insurance providers say if they can't…...