The California Supreme Court this week ended a long legal battle between a Richmond homeowner and her homeowners insurance company by declining to consider the insurance industry’s petition to overturn a lower court’s decision that insurers must pay to repair …
California Insurance Commissioner Dave Jones issued an order directing the California Fair Access to Insurance Requirements Plan to make several changes in the wake of last year’s severe fire season. The order includes enhanced coverage options, it eliminates the requirement …
There’s little question that the drought and the recent wildfire season that it unleashed pushed more California homeowners into the surplus lines market. Now with the onset of what appears to be a strong El Niño this week in the …
A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in …
The Massachusetts Property Insurance Underwriting Association (“FAIR Plan”) said its board of directors will meet next week to decide whether to file an appeal to challenge Insurance Commissioner Joseph G. Murphy’s decision to reject a rate increase request. The state-created …
Massachusetts Commissioner of Insurance Joseph G. Murphy announced Monday his decision rejecting the Massachusetts Property Insurance Underwriting Association’s (“FAIR Plan”) request to increase its statewide home insurance rates by an average of almost 7 percent. The Massachusetts Division of Insurance …
Massachusetts insurance regulators on Friday rejected FAIR Plan’s request to raise rates by an average of more than 7 percent. FAIR Plan, whose official name is Massachusetts Property Insurance Underwriters Association, serves as the state’s home insurer of last resort. …
