Tag: California property owners

California lawmakers aim to bring insurance companies back again

Logan B.
Insurance Companies Laws - California

Congressional reps from the Bay Area are seeking to draw insurers with legislation changes Congressional representatives in California’s Bay Area are working on legislation that they hope will appeal to home insurance companies and bring them back into the state. California has been bleeding property insurers The new legislation could help insurance companies to decrease their losses by providing property owners with financial incentives to better their emergency preparedness.  Though this might not stop some of the major threats to the area, such as wildfires, it could be beneficial in…

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State Farm issues thousands of California home insurance non-renewals

Marc
California home insurance - Non-Renewals

The insurer is also withdrawing from the sale of commercial apartment policies in the state State Farm recently announced that it will be issuing around 30,000 non-renewal notices California home insurance and rental homeowners policies. The purpose of the decision is to ensure business sustainability in that market According to State Farm, the decision to issue the non-renewal notices within the California home insurance market is to “ensure its long-term sustainability” there.  It called the choice “difficult but necessary”. The non-renewals will impact around 30,000 homeowners, rental homeowners, and other…

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Mercury homeowners insurance encourages Californians to prepare for fires

H. Cutner
Mercury homeowners insurance - house on fire

The 2021 wildfire season is already outpacing that of 2020, which broke historic records. California is suffering a severe drought this year, and Mercury homeowners insurance customers are being urged to take action to ensure their properties and their families are prepared for a rough wildfire season. The California Department of Forestry and Fire Protection shows that wildfires are worse than last year. According to recent California Department of Forestry and Fire Protection (CAL FIRE) data, the drought is contributing to wildfire numbers and acres burned to the point that…

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