If your home or business was damaged or destroyed in a wildfire, California Insurance Commissioner Richard Lara says don't sign anything right away.
California Insurance Commissioner Ricardo Lara will host a pair of insurance workshops in Santa Monica and Pasadena over the following weeks to aid people in Los Angeles County in the rebuilding process.
Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those
Workshops on Jan. 18 and Jan. 25 in Pasadena and Santa Monica will help homeowners understand their insurance policies.
As wildfires continue to ravage Los Angeles County, concerns are mounting over the financial capacity of California's insurer of last resort, the FAIR Plan, to handle what will likely be a massive influx of fire claims.
California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts give insurance companies more leeway in raising rates, while allowing them to use computer modeling to forecast risk and to incorporate their own “reinsurance” costs from backup providers in setting future premiums.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades—the same area which is now being ravaged by a devastating wildfire.
State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County residential policyholders slated to have been dropped, not just those in fire rava
Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County ... State Insurance Commissioner Ricardo Lara and consumer groups say. Insurers in California have been refusing to write new policies in areas they ...
Tens of thousands of California residents will be forced to decide whether to permanently relocate or face construction bills after a wildfire crisis that’s weakened California’s insurance.