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

Julie Campbell
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 Many insurers have withdrawn from selling More recently, the size of the issue became particularly clear when a project to upgrade a fire station in the area stalled due to a lack of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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California Insurance Commissioner Lara seeks new guidance to overcome state crisis

G. Turner
California insurance - Home insurance crisis guidance

The state is working on establishing new regulations to help the industry there recover California Insurance Commissioner Ricardo Lara has reached out to insurers in the state, telling them that they must develop ideas beyond rate hikes to overcome the current crisis in the state. Lara is simultaneously working on new state regulations According to Lara, his office and the California insurance industry are “in a forced marriage,” in which “we’re staying together for the kids.”  However, the commissioner was also able to find common ground with the Farmers Insurance…

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Can Insurance Companies Help Fight Global Warming with Incentives?

Logan B.
Insurance Companies - Global Warming Incentives

In an era when climate change poses significant risks, the role of insurance companies is becoming increasingly dynamic. With natural disasters on the rise, leading to soaring claims and heightened premiums, there is burgeoning interest in incentives that promote environmental sustainability. Notably, some insurance providers are strategically mitigating risk while advocating for greener choices by offering discounts and incentives that encourage consumers to adopt eco-friendly practices. Innovative Incentives by Insurance Companies for Environmental Sustainability Mercury Insurance stands at the forefront of promoting environmental responsibility, offering a Green Home discount up…

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Medicaid health insurance coverage is gone for 400k Ohio residents

H. Cutner
Health Insurance - Ohio Flag - Medicaid

Since the “unwinding” of the pandemic rules, hundreds of thousands lost coverage. Since the pandemic enrollment rules have been unwound, around 395,000 Ohio residents have lost their health insurance through Medicaid, and that figure is expected to rise.  It has now been a year since the state ceased the “continuous enrollment” Within the year since the continuous enrollment in Medicaid health insurance – that had previously been a requirement under coronavirus relief legislation from the federal government – hundreds of thousands of people in Ohio lost that coverage.  According to…

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