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One-Year Ban on Canceling Policies Due to Wildfire Risk

December 23, 2019

California has banned home insurers from dropping policies in areas vulnerable to the effects of wildfire risk. The new policy places a one-year moratorium preventing insurers from dropping customers in or alongside ZIP codes struck by recent wildfires. The moratorium covers some 800,000 homes around the state. The state has also asked insurers to voluntarily […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: California Department of Insurance, catastrophic risk, home insurance, homeowner, insurance, policy cancellation, reinsurance, wildfire

Fires May Affect Insurance for All

October 8, 2018

California homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California Department of Insurance had already warned this year that the increasing number and severity of wildfires were making it harder for homeowners in the state to find and hold onto insurance. And now it says […]

Filed Under: At A Glance Tagged With: California Department of Insurance, California homeowners, Fires, insurance, Insurance Information Institute, investment property, wildfire

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