Allstate’s One Step Forward Two Steps Back in California Home Insurance Market

H. Cutner
California home insurance - investigating

In a move that has sent waves across the California home insurance market, Allstate, one of the nation’s leading insurance providers, has hinted at a conditional return to the state’s insurance landscape. This announcement comes amidst a backdrop of increasing challenges faced by homeowners and insurance companies alike, primarily due to the escalating risks of wildfires and other natural catastrophes. How Allstate’s Conditional Return Could Reshape California’s Home Insurance Market Allstate’s potential policy changes signify a critical juncture for California’s home insurance market. The insurer’s reliance on catastrophic modeling to…

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Hawaii residents rush to obtain newly required boat insurance

Logan B.
Boat Insurance Policy - Hawaii Flag

The state now requires a new level of coverage, but boaters say it’s impossible to get The state of Hawaii has announced a new rule it wants boaters in the state to follow regarding their boat insurance coverage, but many people are saying that despite their best attempts, it’s not possible to comply. Coverage is required in order to use any of the state’s harbors However, the new regulation would have boaters purchasing $100,000 in boat insurance coverage for salvaging a vessel that has run aground. This is the case…

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Travelers Insurance Increase in California as High as Almost 27% for Some

Marc
Travelers Insurance Rates Higher

In a move that underscores the growing financial impact of climate change on the insurance industry, Travelers Insurance, one of California’s leading home insurers, has announced significant rate hikes and policy non-renewals due to increased wildfire risk. This development is poised to reshape the insurance landscape in California, signaling a critical shift as insurers deal with the escalating threat of natural disasters. Understanding the Rate Hikes The Details of the Increase Travelers Insurance, the sixth largest property and casualty insurer in California as of 2022, has received approval to raise…

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California car insurance company widely accused of unfair claim denials

H. Cutner
Car insurance - Claims Denied

Residents of Southern California say National General is leaning on a loophole for denials National General policyholders in Southern California have sued their car insurance company with accusations that the insurer is using a loophole to be able to get out of paying claims. The policyholders say the insurer allegedly saves millions this way The lawsuit alleges that National General is using a loophole so that it will not be required to fulfill many of the claims that its policyholders file. According to a recent report in NBC LA, one…

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Oscar-winning actor says that celebrity status didn’t boost health insurance access

Nordstrom
Health insurance - Oscar trophy

Hilary Swank recently shared that despite her accolades, she couldn’t afford coverage Hilary Swank recently revealed that while people make assumptions about the wealth of award-winning actors, not everyone sees great advantage to their finances or health insurance access just because they win a trophy. Days after winning her Oscar, she didn’t have coverage Only days after Swank received the Oscar for her Boys Don’t Cry role in 2000, she went to the pharmacy to pick up some medication. That said, when she arrived at the counter to pay for…

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