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The announcement came after several major insurer said they would stop issuing new homeowner policies or renewing existing ones because California's current rules made it too costly to cover homes.
September 22 -
Reeling from four hurricanes in 2020 and 2021 that caused $23 billion in damage, the state is undergoing an insurance calamity that is harming its economy and even reducing its population.
September 11 -
The storm is slamming housing markets already beset by some of the nation's highest property insurance premiums.
August 30 -
Major firms cite costly devastating hurricanes and widespread litigation against the industry as reasons to sunset policies for an unspecified number of property owners.
July 26 -
State Farm General Insurance Co. said it's no longer accepting new applications for property and casualty coverage in California last week, a year after Allstate Corp. also paused new policies, worsening what FAIR Plan, a state-mandated insurance pool, called a "looming insurance unavailability crisis."
June 2 -
Mortgage lender's brokerage spinoff launches with more than 50 carriers.
April 19 -
Two professionals who advise servicers on compliance name their key areas of concern.
April 13Covius -
Five days after Hurricane Ian slammed into the state — bringing with it a deadly storm surge, catastrophic flooding and powerful winds — the destruction it caused is becoming clearer.
October 4 -
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that's lingered since the early days of the pandemic: snarled supply chains.
September 30 -
Rising insurance costs and pricier fire resistant building materials are testing how the second most expensive state responds to climate emergencies
August 15