Wildfire insurance in California: Facts and figures It can be difficult for homeowners in high-risk wildfire areas to find adequate homeowners insurance coverage. If that’s the case for you, you may need to go with a last-resort coverage option, like the California FAIR Plan. ...
Since 2008, Einhorn Insurance has been insuring properties in California’s high fire risk areas. Our agency has scoured the market to locate the best policies to properly protect your properties. We understand how time sensitive (especially if in escrow) home insurance coverage can be and assign...
Unlike other states, California does not let insurance companies consider current or future risks when deciding how much to charge for an insurance policy. Instead, they can only consider what's happened on a property in the past to set the price. At a ti...
Increasingly intense wildfires have become more common in California, upending the lives of thousands. Many insurers are dwindling coverage options, leaving several homes in danger. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.Dec 13, 2024...
This article examines some of the fundamentals of wildfire risk, including the effect on insurers, homeowners, and the overall implications for the property insurance market in California.
Richard Gallena
Does homeowners insurance cover wildfires? Usually, but you may want additional coverage. Here’s what to know about wildfire insurance.
The California Department of Insurance has issued rules that require insurers to offer discounts to property owners for reducing wildfire risk, which it's calling the first of its kind in the US. This week, the agency in partnership with Governor Gavin Newsom's administration released "Safer From...
More personal injury verdicts & settlements over $10,000,000 than any law firm in California history. Damage caused by wildfires have left thousands of people wondering where to turn for help. Handling insurance claims, healthcare, and legal issues after such devastating losses is never easy. ...
A federal judge last month approved a $58 billion plan for the company to emerged from bankruptcy by June 30, the deadline that the company had to meet to qualify for coverage from a $21 billion wildfire insurance fund created by California last year. U.S. Bankruptcy Judge Dennis Montali...