The cost of fire insurance in California will largely depend on your home’s location and its historic wildfire risk. How prevalent are wildfires in California? Wildfires have always been a natural part of California’s forest ecosystems. In fact, a low-intensity fire can actually be beneficial...
HOW TO FIND (OR KEEP) FIRE INSURANCE After several years of record-breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and canceling policies. Here are some tips to help property owners mai...
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2023 fire season in California saw a large decrease in the number of wildfires and total acreage burned— compared to the 5-year average — due to proactive management and favorable weather conditions Kemper home insurance issued over $1.5 million in refunds to thousands of customers due to the...
Losses From Southern California Fire Could Reach $2.5B, Expert Says California Commissioner Issues Report on Fire Insurance Availability Issues California Commissioner and Legislators Unveil Wildfire Insurance Bills XL Group: Loss Estimates of $45M Related to Southern California Wildfires ...
If a December 2017reportfrom the California Department of Insurance (CDI) -- issued before the state's worst fire year -- is any indication, those who previously paid $800 a year for a policy could now be charged up to $5,000. Insurers said additional hikes are inevitable. ...
Watch CBS News Fire insurance premiums pricing out California homeownersAs wildfires burn across California, some homeowners are scrambling to find fire insurance coverage. Even people who have lived in the area for years say they're paying thousands more for protection. Carter Evans reports.Nov 2,...
The future effect on the international insurers is analyzed by citing the example of the decision in the Supreme Court case, Hartford Fire Insurance Company versus California. Arguments regarding denying protection to foreign insurers and expansion of the definition of the terms are presented. The ...
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California's wildfires are cooling the state'sreal estatemarket asinsurersseek to back out of fire-prone areas and would-be buyers face high costs for plans. The situation is causing buyers to have a hard time finding insurance and to then back out of purchases or lower their offers,The Wa...