California wine country flooding leaves thousands of homes and businesses damaged

California wine country flooding - Vineyard at Sunset

The floodwaters have turned two communities in Northern California into temporary islands. California wine country flooding is the worst the region has seen since 1995 when the Napa river reached record peak levels. The rain in Northern California has turned two wine country communities into temporary islands. At the moment, they can be reached only by boat. Thousands of homes and businesses are flooded as rivers across the region crest their banks. The Russian River crested at over 46 feet last week and the water did not recede until later…

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Last November’s California wildfires caused $11.4 billion in insured damage

California Wildfires - Damage from Fire

Residents of the state have filed many thousands of insurance claims from the Camp Fire. Last year’s record-breaking California wildfires have now generated $11.4 billion in insurance claims. This has made the fires in that month, which ripped their way through Butte County and Southern California, some of the most expensive the state has ever experienced. The Camp Fire killed 86 people and essentially burned the town of Paradise right off the map. Three quarters of the losses from California wildfires in November 2018 were the result of the Camp…

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Insurance companies issue polar vortex safety tips to policyholders facing the deep freeze

polar vortex safety - frost trees

Customers who protect their homes and themselves lower their risk of having to file a claim. As freezing weather blasts its way across three quarters of the country, insurance companies have issued polar vortex safety tips to keep their policyholders safe. The goal is to educate customers to make the right safety choices to prevent injuries to themselves or damage to their property. Several insurers have taken part in this effort to make it easier for policyholders to avoid claims. The following are some of the ways customers can use…

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No more NRA branded insurance for sale in Washington state

NRA branded insurance - Man holding shotgun

Washington Insurance Commissioner Mike Kreidler has banned these policies and will issue fines. Washington state’s insurance commissioner, Mike Kreidler, has banned the sale of NRA branded insurance, labeling it as “illegal” in the state. Selling any insurance policies branded by the National Rifle Association is an offense for which fines can now be issued in the state. Kreidler will already be issuing fines to an insurance company for selling the branded coverage. Chubb Ltd. subsidiary Illinois Union Insurance Co has been ordered to cease the underwriting of NRA branded insurance…

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Frozen pipe insurance claims are highest in Illinois once again

Frozen pipe insurance claims - Frozen Pipe -Ice

For the second year in a row, the state has suffered the most claims for burst plumbing from freezing. State Farm Insurance has released its data regarding frozen pipe insurance claims and has, once more, placed Illinois at the top of the list. That said, the state’s position at the top isn’t a coveted one. The reason is that it is for having filed the most claims filed regarding burst pipes due to freezing weather. The insurer has taken the opportunity to share its stats and advice for home and…

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Insurance customer trends show one in three Americans don’t shop again for policies

Insurance customer trends - auto insurance - home insurance - hands

A new survey showed that policyholders in the U.S. don’t re-shop to find better coverage or rates. One out of every three Americans have never re-shopped for a policy, say the results of a new insurance customer trends survey. The research found that almost half of all policyholders who have looked around for a better deal has not done so within the last year. The research was conducted on homeowners insurance and auto insurance customers. American consumers are risking overpaying for their coverage, say the results of a new Policygenius…

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Wells Fargo is leaving the California renters insurance market due to violations

California Renters Insurance - Wells Fargo Building

The financial services giant gave up its license in the state as a part of a wider settlement. Wells Fargo is no longer licensed to sell or broker California renters insurance for at least three years. The firm has given up its license for personal insurance in the state as a part of a settlement with California. The bank agreed to the settlement over allegations of signing unknowing customers up for policies. Aside from no longer being able to sell California renters insurance and life insurance coverage, the bank also…

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