Renters insurance is something that many people forget they need when living in rental homes, especially in a lively and varied state like California. Is Renters Insurance Required in California? California has different types of urban areas, coastal regions, and earthquake risks, making renters insurance not just a good idea but a must-have. Many renters … Read more
In insurance circles Florida and California have the dubious distinction of being perennial problem children for home and auto insurance. In both states insurance markets have been severely disrupted by unique factors unknown in any other state. In Florida, the disruptor was litigation gone wild. Florida is home to “nearly 80 percent” of the entire … Read more
Homeowners associations (HOAs) play a crucial role in maintaining and protecting residential communities. One of the key responsibilities of an HOA is securing the right HOA insurance policies to safeguard shared spaces, buildings, and financial interests. Choosing the right homeowners association insurance helps mitigate risks and ensures adequate protection for both the HOA and property … Read more
California Insurance Commissioner Ricardo Lara and a group of state lawmakers are pushing a 10-bill legislative package designed to improve disaster preparedness and help protect wildfire survivors. The bills intended focus are on consumer protection, climate resiliency and market strength. Among the proposals are a statewide grant program to assist with wildfire hardening, protections for … Read more
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22% rate request from State Farm, instead calling a meeting with the carrier to get some answers about the carrier’s financial situation and more. State Farm General earlier this month asked the California Department of Insurance to immediately approve interim rate increases, including 22% … Read more