2+ hour, 23+ min ago   (296+ words) California's legislature and insurance commissioner have proposed an overhaul of the state's home insurance of last resort, the FAIR Plan. The Make It FAIR Act, AB 1680, aims to improve claims handling, coverage options and transparency for wildfire survivors. Lisa Calderon,…...

6+ day, 4+ hour ago   (332+ words) California insurance regulators and consumer advocates said President Donald Trump's executive order preempting state and local permit processes is not enough to ensure recovery from last January's L.A. wildfires." California insurance commissioner Ricardo Lara, in three posts on X responding to…...

1+ week, 2+ day ago   (359+ words) U.S. homeowners are concerned about climate and insurance costs, according to Kin's Homeownership Trends Report." Ninety-three percent of respondents said they expect extreme weather events, driven by changing climate, to damage their homes over the next three years. Nearly half, 49%, are…...

2+ week, 6+ day ago   (447+ words) Florida's home insurer of last resort, Citizens Property Insurance, will lower premiums this spring, Governor Ron DeSantis announced. The governor also pointed to decreasing rates for insurance statewide. Citizens rates will decrease by an average of 8.7%, with more than 330,000 out…...

3+ week, 5+ day ago   (266+ words) As seven new laws regarding wildfire insurance claims and insurance industry issues and practices took effect in California on January 1, more may be on the way. State insurance commissioner Ricardo Lara and state senator Steve Padilla, who chairs the Senate's…...

1+ mon, 2+ week ago   (519+ words) 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 below actuarial rates, it…...

1+ mon, 3+ week ago   (548+ words) Digital Insurance contacted insurance professionals to comment on property and casualty (P&C) trends for 2026." Experts suggest the industry is continuing to focus on innovation and implementing predictive analytics. Responses have been lightly edited for clarity. Jim Clark, CEO, at HDI…...

1+ mon, 3+ week ago   (649+ words) Demotech, a ratings agency that Florida consumer advocates are criticizing, rates new home insurers in the state based on their current characteristics, according to an executive at the agency. Demotech's ratings of new insurers now covering homes previously insured by…...

2+ mon, 3+ day ago   (599+ words) The Office of Insurance Regulation (OIR) responded to a recent report by Unlocking America's Future, the Insurance Fairness Project and Florida Watch. OIR press secretary Shiloh Elliott said that the state's property insurance market has improved because of reforms enacted…...

2+ mon, 2+ week ago   (328+ words) The digitalization and availability of public records have also provided insights into a home for carriers to more accurately price risk, helping to determine property characteristics such as prior losses, construction type or distance from a fire department. "Understanding these…...