The Department of Insurance provided the update after Gov. Gavin Newsom made the development public in a livestreamed conversation with Bill Clinton at the Clinton Global Initiative on Wednesday.
The wildfires ravaging Southern California are expected to add further fuel to the state's ongoing insurance crisis, as residents' options for property coverage continue to dwindle or even disappear.
After a year marked by insurance companies pulling out of California​, state officials say five major insurers are committing to the state.
California's insurance crisis is expected to get even worse after the devastating wildfires raging in the state, and experts say a decades-old law plays a significant role in why insurance companies ...
Several major insurance companies have committed to staying in or resuming service in California, but it could mean high ...
The deadly wildfires that have devastated the greater Los Angeles region in Southern California over the last week are estimated to be the costliest in the state's history, which will leave insurers ...
LOS ANGELES — A group of California homeowners is taking on insurance companies that they say illegally coordinated to deny coverage to fire-prone areas, leaving thousands of displaced residents ...
The day that Hurricane Andrew touched down in Florida in 1992, J.W. Greenberg—executive vice president of the finance and insurance giant American International Group, or AIG—sent a memo around to ...
In 2023, three of California’s major home insurance companies denied claims at a higher rate than what was seen in other parts of the U.S., a new report found. Questions have swirled about the home ...