homeowners insurance News

Bill Introduced to Offer All California Homeowners Insurance, Fund Home Hardening

Assemblyman Marc Levine, D-Marin County, on Thursday introduced legislation designed to require mandatory issuance of homeowners’ insurance and establish a grant program to harden residential properties in areas prone to wildfires. Assembly Bill 1755 would require an insurance provider licensed …

Q4 Net Income Drops 50% for Allstate on Higher Auto Claims

Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto claim frequency and severity increased. Adjusted net income for Q4 was $796 million compared to about $1.6 billion during the …

Colorado Lawmakers Make First Pass on Wildfire Bill

Colorado lawmakers passed a bill to increase wildfire mitigation efforts, just a month since a devastating fire tore through suburbs north of Denver, destroying more than 1,000 homes and businesses and killing at least one person. The bill heard Tuesday …

Washington Commissioner Adopts 3-Year Credit Scoring Ban, Proposes Transparency Rule

Washington Insurance Commissioner Mike Kreidler has adopted his rule banning insurers from using credit information to set auto, homeowner and renter insurance for three years. Kreidler’s rule temporarily banning credit scoring will be in effect starting March 4 through three …

Evacuations Lifted for Wildfire on California Coast

Evacuation orders were lifted Wednesday as firefighters strengthened control lines and mopped up hot spots at a wildfire along California’s Big Sur coast, authorities said. Fire activity was minimal overnight, with higher humidity and light winds, Cal Fire said in …

Wildfire on California Coast Now 45% Contained

Shifting winds and increased humidity helped firefighters make progress against a blaze burning in rugged mountains near California’s Big Sur coast, authorities said. The Colorado Fire was 45% contained on Tuesday, according to the California Department of Forestry and Fire …

Hundreds Evacuated as Crews Battle California Wildfire

Hundreds of residents remained evacuated Sunday as crews battled a wildfire in rugged mountains along the California coast that forced the closure of the main roadway near Big Sur. One structure, a yurt, was destroyed by the blaze that broke …

Woman Missing in Colorado Wildfire Was Last Seen Trying to Save Dogs

As a fast-moving wildfire spread in suburban Denver, an emergency responder warned Edna Nadine Turnbull to evacuate. But the 91-year-old went back inside her home to rescue her dogs. Turnbull and her pets were never seen again. Authorities said Wednesday …

Is Coverage Possible When You Accidentally Burn Down Your House?

In the category of you can’t make this stuff up, a December article on Insurance Journal caught my eye, especially when a coworker asked me if this could be covered by their homeowners’ insurance. If you haven’t read about the …

Homeowners of America Introduces Services in Montana

Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group Inc., launched service in Montana. With the addition of Montana, HOA now operates in 14 states. HOA launched its service in New Mexico earlier this month. Seattle, Washington-based …