Two law firms representing California homeowners have accused several of the state’s largest home insurance companies of working together to eliminate standard property policies
Insurance Commissioner Ricardo Lara announced the approval of the California FAIR Plan Association’s commercial filing to increase commercial property coverage limits
Home insurtech Kin Insurance has introduced a new home insurance option in California to address the growing coverage gap in high-risk areas
A California appeals court ruled that wildfire debris does not automatically qualify as “direct physical loss or damage,” upholding a lower court’s decision
The California FAIR Plan Association, a group of all insurers licensed to provide property coverage in the state, has secured approval for an additional $1bn
An 11-year review of insurers’ filing data for homeowners insurance multiperil coverage in California shows intermittent years of poor results
Tesla General Insurance reported $35.7 mn in written premiums, a 94% year-over-year increase. The carrier reported a year-to-date net underwriting loss of $5.6 mn
California’s homeowners insurers cumulatively paid out more than twice as much in claims and expenses as they collected in premiums in both 2017 and 2018
