News
State lawmaker proposes mortgage forbearance extension for fire survivors
18+ hour, 5+ min ago (174+ words) State lawmaker proposes mortgage forbearance extension for fire survivors'Los Angeles Daily News State Assemblymember John Harabedian, D-Pasadena, announced this week a pair of legislative mortgage protections for fire survivors. First, Harabedian announced legislation to extend AB 238: The Mortgage Forbearance Act…...
Wildfire insurance battles: California bills propose consumer-friendly regulations
3+ week, 1+ day ago (738+ words) By Levi Sumagaysay | CalMatters Jen Egan is still dealing with the aftermath of the Palisades Fire that damaged the home of her 83-year-old father, Paul, last January. That has meant more than a year of going back and forth with…...
California insurance chief keeps ‘chin up’ ahead of FAIR Plan, policy reforms
4+ week, 2+ hour ago (1742+ words) A few weeks after California Insurance Commissioner Ricardo Lara rattled consumer groups with a proposed overhaul to the insurance-rate review process, the embattled state executive ended up at his parent's home in East Los Angeles to catch his breath away…...
Poorer Americans dropped federal flood insurance when rates rose
1+ mon, 3+ week ago (368+ words) By Leslie Kaufman | Bloomberg Most US homeowners insurance policies don't cover flood damage, and the federally subsidized NFIP accounts for nearly 90% of residential flood coverage. The program'was created in the 1960s to make flood insurance more accessible. But by charging premiums…...
How to avoid overpaying for escrow and title insurance
4+ mon, 2+ week ago (987+ words) If you want to make your home purchase just a little more affordable, focus on the transaction costs. You may not be able to do much about the home price because you and the seller must come to a mutual…...
California commissioner proposes insurance rule that critics call ‘revenge’
4+ mon, 2+ week ago (788+ words) By Levi Sumagaysay | CalMatters California Insurance Commissioner Ricardo Lara is proposing more new insurance rules that critics are calling "vindictive," and which they say will only make it easier for insurers to raise rates. Home insurance costs in California are…...
New FAIR Plan data reveals problem with zoning restrictions in California
6+ mon, 21+ hour ago (541+ words) A home is being built on the site of a home destroyed in the Eaton fire on Highview St. in Altadena on Thursday, July 17, 2025. (Photo by Dean Musgrove, Los Angeles Daily News/SCNG) The FAIR Plan is California's "insurer of…...
Karen Bass and Kathryn Barger: Insurers need to step up for LA wildfire survivors
6+ mon, 1+ day ago (607+ words) It's been seven months since the most destructive wildfires in Los Angeles County's history tore through our communities. For thousands of survivors, a terrible struggle persists: one against delays, underpayments, and indifference from the core institution meant to help people…...
Altadena homeowners continue challenge to rise in insurance rates
6+ mon, 6+ day ago (693+ words) By Camelia Heins, Correspondent A crowd of 60 gathered outside a State Farm insurance office in Pasadena on Tuesday evening, Aug. 6, as leaders of local community organizations urged elected representatives to hold insurance companies accountable amidst a rise in insurance rates....
Mercury to seek new home insurance rates using California’s risk modeling system
6+ mon, 2+ week ago (1102+ words) Mercury Insurance is preparing to file updated home policy rates in California using a new catastrophic modeling system designed to give property owners a lifeline to more affordable coverage in wildfire-prone areas. The company said it is looking to offer…...