News
California race for insurance commissioner heats up amid industry scrutiny
13+ hour, 8+ min ago (57+ words) ABC10 California race for insurance commissioner heats up amid industry scrutiny To stream ABC10 News on your phone, you need the ABC10 News app. Download the ABC10 News app Next up in 5 Example video title will go here for this video Before You Leave,…...
Settlement keeps State Farm homeowners insurance rate hike in California
1+ mon, 3+ week ago (57+ words) ABC10 Settlement keeps State Farm homeowners insurance rate hike in California To stream ABC10 News on your phone, you need the ABC10 News app. Download the ABC10 News app Next up in 5 Example video title will go here for this video Before You Leave,…...
CA FAIR Plan quadruples number of active policies in six years
2+ mon, 2+ week ago (692+ words) SACRAMENTO, Calif. " The number of active policies with California's "insurer of last resort,' the FAIR Plan, has more than quadrupled since Sept. 2019. That comes as lawmakers look to make further reforms to stabilize the state's homeowners insurance marketplace. California's Insurance…...
FEMA removes 8, 000 Stockton homes from mandatory flood insurance
2+ mon, 2+ week ago (57+ words) ABC10 FEMA removes 8, 000 Stockton homes from mandatory flood insurance To stream ABC10 News on your phone, you need the ABC10 News app. Download the ABC10 News app Next up in 5 Example video title will go here for this video Before You Leave, Check This…...
FEMA drops flood insurance requirement for 8, 000 Stockton homeowners
2+ mon, 2+ week ago (479+ words) STOCKTON, Calif. " After nearly 16 years, thousands of homeowners in Stockton'are no longer required to carry flood insurance " ending what many described as an expensive and frustrating financial burden. In 2024, construction was completed on the Smith Canal flood gate in Stockton....
California lawmakers push insurance reforms to help wildfire survivors rebuild
3+ mon, 4+ week ago (57+ words) ABC10 California lawmakers push insurance reforms to help wildfire survivors rebuild To stream ABC10 News on your phone, you need the ABC10 News app. Download the ABC10 News app Next up in 5 Example video title will go here for this video Before You Leave,…...
Farmers Insurance lifts cap on new home insurance policies
5+ mon, 1+ week ago (503+ words) SACRAMENTO, Calif. " In a possible sign of improvement in California's home insurance market, Farmers Insurance announced'it is removing the cap it had placed on new homeowners' insurance policies. For more than two years, Farmers Insurance had been limiting how many…...
Insurance industry group floats idea of ballot initiative to change Prop 103
10+ mon, 3+ day ago (526+ words) SACRAMENTO, Calif. " In the face of California's home insurance crisis, a group of independent insurance agents and others in the industry are floating the idea of a ballot initiative. They say voters could change a proposition that passed nearly 40 years…...
California court rules state insurance policy on smoke damage is unlawful
10+ mon, 1+ week ago (682+ words) SACRAMENTO, Calif. " A California judge has ruled the state's bare-bones home insurance program's handling of smoke damage claims is unlawful, a decision that could have wide-ranging implications as insurers increasingly deal with the aftermath of wildfires. Home insurance broadly covers…...
'Unprecedented' | California Insurance Commissioner on State Farm rate hike approval
11+ mon, 3+ week ago (766+ words) In the wake of the Southern California wildfires earlier this year, State Farm " California's largest home insurer " asked for approval of an emergency rate increase To stream KXTV on your phone, you need the KXTV app. SACRAMENTO, Calif. " California Insurance…...