Governor Newsom Calls for Swift Action on Property Insurance Rate Increases

Property insurance Crisis - California Flag - Solve Now

Newsom wants lawmakers to hasten the approval processes for insurers to improve the market California Governor Gavin Newsom has issued a call to lawmakers, urging them to expedite the approval processes for property insurance companies that are seeking to increase their rates. The governor feels the market overhaul is too slow Newsom recently addressed the press in Sacramento to announce the push he is making for legislation to require the California Department of Insurance to set a limit of no longer than 60 days for the completion of rate-filing reviews.…

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California fire station project on pause because it can’t get property insurance

Property insurance - Pause Button on Fire Station

The crisis in the state is largely from wildfires, but even those battling them can’t get insured Wildfire risk is very high in many parts of California, leading to what many have called a property insurance crisis in both the residential and business markets. Many insurers have withdrawn from selling More recently, the size of the issue became particularly clear when a project to upgrade a fire station in the area stalled due to a lack of property insurance availability. Homeowners living in California’s mountains face a particularly high wildfire…

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Travel insurance company identifies safest country to visit

Travel insurance - Safety and Risks

Berkshire Hathaway Travel Protection has issued its list of the nations safest for travelers Travelers these days are commonly seeking fresh new experiences outside the typical resort visit and will likely be interested to find out what results a travel insurance company has published with regard to the safest places to go. Interestingly, the US was not North America’s safest country Berkshire Hathaway Travel Protection (BHTP) recently published its yearly State of Travel Insurance report, ranking the world’s safest countries for visitors. There were 1,702 participants in the survey.  The…

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New Jersey to require e-bike insurance and registration for all riders

e-bike insurance - New Jersey Road Sign

A pending new bill will mean that all riders must carry liability coverage on public roads A new bill is pending in New Jersey that would mean that e-bike insurance and registration will be a requirement for all riders. This will be a new requirement, as riders of those vehicles have, until now, been treated similarly to bicycle riders. An electric bicycle is being newly defined The bill will mean that riders will be required to register their vehicles and carry e-bike insurance in the form of liability coverage. This…

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Is your travel insurance able to stand up to this common spring break activity?

Travel insurance for Spring Break

Many people are unpleasantly surprised at some of the common vacation behaviors that invalidate coverage. Spring break vacations can be lots of fun, but when something unexpected happens, you’ll want to make sure that the travel insurance you purchased will provide you with the coverage you think you have. Coverage is nearly always invalidated if you were found to be intoxicated when the claimed event occurred. Drinking is often a part of the spring break vacation experience. That said, it’s very important to remember that a travel insurance policy will…

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