California Homeowners Face Major Rate Hike: 'Unprecedented'
The California Department of Insurance on Friday announced it had provisionally approved an emergency request by State Farm, the state's largest single insurer, to raise its home insurance premiums by 22 percent provided the company can "justify it with data in a public hearing" next month.
The average homeowners insurance policy in California costs about $1,435 per year, according to Bankrate data. That's significantly less than the national average of $2,242 per year, but owners ...
The storm expected to hit Southern California on Wednesday could wreak havoc in those same areas devastated by wildfires in January.
Pricey homes in major California cities are worth over $9 trillion but face high climate risk, a Zillow analysis finds.
14hon MSN
Lara attended the Bermuda Risk Summit, an event in the Caribbean that is held by members of the insurance and reinsurance ...
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