The California Department of Insurance (CDI) has approved the Verisk Wildfire Model for insurers to assess wildfire risk, marking a significant advancement in California's insurance sector. This model ...

The charges stem from a mandated $1 billion bailout by insurance companies of the state’s last-resort insurance program, known as the FAIR Plan, after it ran out of money to cover roughly $4 billion ...

Insurance Commissioner Ricardo Lara is finalizing his landmark Sustainable Insurance Strategy, a comprehensive plan aimed at addressing the state's insurance availability crisis. Today the Department ...

California's seventh largest home insurer is seeking permission to raise rates on homeowners by an average of 7.3% starting next year.

A week after winning emergency approval to raise Californians’ home insurance premiums, State Farm is seeking to boost that rate hike even higher to 30%. On May 13, the state’s largest insurance ...

Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI).

The California Department of Insurance continued the momentum toward improving insurance options statewide. The Department announced it had completed the review of three forward-looking wildfire ...

One of the most common insurance complaints after a fire comes from people whose homes are still standing but covered in potentially toxic soot. Because there is no state or federal standard for smoke ...

Homeowners all across Southern California are being dropped by their insurance companies, not because they're filing too many claims, but because they live in fire-prone areas. "We never filed an ...