Growing Denials Leave Homeowners Vulnerable California’s homeowners faced significant challenges in 2023 as leading insurance companies denied nearly half of all claims, far exceeding the national average. A report by Weiss Ratings revealed that some of the state’s top insurers, including Farmers (50%), USAA (48%), and Allstate (46%), topped the list for denied claims. This comes as insurers deal with increasing exposures to climate-related disasters like wildfires, hurricanes, and flooding. While some insurers show alarming claim denial numbers, others demonstrate relatively better performance. Among these are two affiliates of AAA,…
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We explore all property insurance for homeowners as well as industry updates. Renters, condo, earthquake insurance as well as flood insurance are all topics covered. Flood insurance is undergoing a slew of changes all over the world that are making headlines daily
Private Firefighters in Los Angeles – A Lifeline or a Luxury?
Private Firefighters Play a Growing Role in Los Angeles Wildfires The wildfires that often ravage Los Angeles pose a persistent challenge to the region’s safety and infrastructure. This past season’s fires have once again highlighted the role of private firefighting services, which are increasingly called upon to safeguard high-value properties. While traditionally perceived as an option reserved for the wealthy, the growing interest in these services raises questions about their integration into broader insurance policy offerings—and whether they could become more accessible in the future. Private Firefighters Mobilize to Protect…
Read MoreInsurance Companies Under Fire After Tyler Perry’s Viral Post
Tyler Perry’s Outrage Over Insurance Cancellations Hollywood mogul Tyler Perry recently expressed his frustration with home insurance companies canceling policies as Los Angeles battled catastrophic wildfires. His social media post highlighted what he described as “pure greed” from these insurers, pointing out the plight of homeowners left unprotected after faithfully paying premiums for years. Perry shared the heartbreaking story of a woman using a garden hose in a desperate attempt to save her 90-year-old parents’ home, which had lost its insurance coverage just before the fires. “Does anyone else find…
Read MoreWhat the Proposed Rate Hikes Mean for North Carolina Homeowners Insurance Policies
North Carolina Faces Rising Homeowners’ Insurance Rates Background on the Rate Increase Proposal North Carolina homeowners are bracing for a significant decision regarding a substantial proposed increase in homeowners’ insurance premiums. The North Carolina Rate Bureau (NCRB), representing private insurance companies, has requested an average statewide rate hike of 42.2%. Insurers argue that escalating costs due to natural disasters, repair expenses, and reinsurance premiums necessitate the increase. While the proposed hike averages 42.2%, coastal areas like Emerald Isle and Swansboro could see skyrocketing increases ranging from 71.4% to 99%. Meanwhile,…
Read MoreLouisiana Homeowners Score Relief as Property Insurance Fees Drop Early
Louisiana Insurance Relief: Ending the 1.36% Assessment Louisiana property insurance policyholders are poised to experience some financial relief this year as the Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) implements significant changes to reduce costs. The most notable adjustment is the early termination of a 1.36% statewide assessment on residential and commercial property insurance policies. Originally scheduled to conclude in June 2026, the assessment will now end in April. This fee was introduced to pay off bonds associated with claims from hurricanes Katrina and Rita. Louisiana Citizens, the state-run insurer…
Read MoreHigh Wind Warnings Issued as California Faces $20 Billion in Fire Losses
California Wind Forecast and Fire Risk Southern California is bracing for another dangerous fire weather event as the Santa Ana winds are set to return. After a brief reprieve over the past 24 hours, forecasters predict wind gusts of up to 65 mph will sweep through the region late Saturday into Sunday morning, once again intensifying wildfire threats. The National Weather Service has issued High Wind Warnings for much of Los Angeles and Ventura Counties, elevating the fire outlook to a “Critical” risk level. Key fire zones, including areas affected…
Read MoreLiberty Mutual Lawsuit Raises Alarming Questions for California Homeowners
Southern California Homeowner Challenges Liberty Mutual Over Policy Cancellation A Poway homeowner, Maria Badin, has filed a lawsuit against Liberty Mutual Insurance Co., alleging unjust cancellation of her long-standing home insurance policy. This legal battle may have significant implications not only for Badin but also for many other Californians facing similar situations. Allegations of Misconduct by Insurance Companies Maria Badin, a Liberty Mutual customer since 1993, claims her policy was abruptly nonrenewed after an aerial inspection reportedly identified “algae, mildew, mold, or moss” on her roof. However, upon hiring an…
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