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California oversight agency asks: Why is insurance commissioner absent from hearings?
Sacramento Bee via Yahoo News· 19 hours agoA California oversight agency held its second hearing on the state’s homeowner insurance issues...
Allstate says it will insure California homes again, under one condition
KTLA articles via Yahoo Finance· 19 hours agoAmid the ongoing insurance crisis in California, Allstate said it would resume selling new policies...
Commissioner Lara Proposes Minimal Oversight, Secrecy of Black-Box Wildfire Insurance Models, Says...
WPRI Providence· 4 days agoInsurance Commissioner Ricardo Lara's proposal to let insurance companies use private black-box models and AI to predict the risk of catastrophic wildfires ...
How Insurers Game Out Disaster Risk and Drop Customers
The Wall Street Journal via Yahoo Finance· 5 hours agoCalifornia has been the only state not to allow catastrophe models to be used to set rates. That is...
Amid homeowner insurance crisis, consumer advocates and industry clash at hearing
LA Times via AOL· 3 days agoState Insurance Commissioner Ricardo Lara has proposed allowing insurers to employ so-called...
Home insurance crisis forcing thousands of San Diego homeowners onto costly FAIR Plan
KPBS San Diego· 2 days agoThe FAIR Plan is California’s home insurance plan of last resort. But policies in San Diego County...
Tokio Marine, Trans Pacific Nix Home Insurance in California
The Real Deal· 5 days agoTwo more home insurance companies say they’ll leave California before the onset of its heightened...
California residents issued dire warning about insurance rate rises
Newsweek· 23 hours agoCalifornia's insurance crisis risks worsening as residents covered by the state's insurer of last...
Allstate Talks of Return to California Home Insurance Market
The Real Deal· 2 days agoAllstate is holding its toe over the California insurance market — but will resume writing new...
Allstate Cosiders Underwriting in California Pending Catastrophic Modeling
KION 46 Salinas· 2 days agoCENTRAL COAST, Calif. -(KION-TV)- Allstate Insurance announced on Thursday that it's considering underwriting in the state of California once more. This all hinges on the State's Department ...