News
California utility bills are 20% higher due to wildfires
5+ hour, 48+ min ago (616+ words) The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California's largest utility, according to a government report. The report calls for a systemic overhaul of how the state responds to conflagrations as…...
Courts rejects bid to beef up policies issued by California's home insurer of last resort
3+ mon, 2+ week ago (827+ words) Retired nurse Nancy Reed has been through the ringer trying to get insurance for her home next to a San Diego County nature preserve. First, she was dropped by her longtime carrier and forced onto the state's insurer of last…...
Higher Prices, Less Coverage: Your Stories of the Home Insurance Crunch
4+ mon, 6+ day ago (1330+ words) Last month, we reported on new research that found home insurance prices have increased drastically, particularly in areas most exposed to climate-related risk. And the research showed something new and equally worrisome: The effects of the higher rates are spilling…...
Home Prices on a Warming Planet
4+ mon, 2+ week ago (1100+ words) Over the last few years, we've written about how climate change has driven home insurance prices way up for many Americans. And we've reported that insurers are losing money and dropping homeowners in a home insurance market that's wildly distorted....
Frustrated With Your Home Insurer? Tell Us About It.
4+ mon, 3+ week ago (144+ words) We're covering the intersection of climate change and home insurance, and we need your help. We want to know about your experience with your home insurer. We'll read every response to this questionnaire, and may contact you to learn more…...
Texas Home Insurance Warning Issued
9+ mon, 4+ week ago (1163+ words) It is only a matter of time before the property insurance crisis that has already hit California and Florida reaches Texas, according to experts, as coverage is quickly becoming unaffordable or unavailable'or both'for homeowners in the state. A bad year…...
Did the fires destroy or severely damage your home? California may have up to $20, 000 in fire relief for you
10+ mon, 3+ day ago (436+ words) Homeowners whose homes were severely damaged or destroyed by the fires that scorched the Pacific Palisades and Altadena communities in January may qualify for up to $20, 000 in mortgage relief. On June 12, the state is launching the Cal Assist Mortgage Fund,…...
Did insurers collude to force homeowners onto state insurance plan? What to know from two blockbuster lawsuits
10+ mon, 1+ week ago (862+ words) The firestorms that swept through Pacific Palisades, Altadena and other communities Jan. 7 not only devastated thousands of homeowners but highlighted a giant problem: the growth of the state's insurer of last resort. The California FAIR Plan Assn. offers policies that…...
Alabama study reveals hurricane resilience programs are paying off for homeowners and insurers
10+ mon, 2+ week ago (958+ words) A new Alabama study of hurricane-affected homes sends a clear message to insurers and homeowners nationwide: climate-resilient construction methods can protect homes, and save a lot of money. The first-of-its-kind Hurricane Sally, which struck Alabama's coast in 2020 with wind speeds…...
State Farm Not Satisfied with 17% Rate Hike in California; Asks for Nearly 30%
10+ mon, 2+ week ago (433+ words) State Farm is evidently not satisfied with an emergency 17% rate hike for homeowners in California, and intends to ask for 11% more, adding up to a total of nearly 30% " despite failing its obligations to consumers. As Breitbart News reported earlier this…...