Page 17 - Michael Soller News Today

Several Ventura County property owners in fire risk areas have shared concerns recently about notices from their insurance companies that indicate coverage would not be renewed unless certain steps to reduce fire risks were taken. The insurance companies appear to be acting on new rules from California Insurance Commissioner Ricardo Lara that went into effect

A prominent consumer watchdog accuses the companies of "blackmailing" the state into approving the new rates by freezing sales to new customers.

Premiums are soaring and carriers are pulling back coverage, citing disaster risks. Climate change is a big factor, but there are others at play.

Industry experts say residents face a long-overdue reckoning with the true cost of insuring homes in a state increasingly damaged by catastrophic wildfires and winter storms.

Reports show robocalls actually dipped last year. But they've begun bouncing back. Our consumer team asked: why?

In a move reflecting the dire effects of climate change, insurance behemoth State Farm recently announced a halt on new home insurance sales in California.

Wildfires and expensive rebuilding wiped out profits among California home insurers. State Farm isn’t the first insurer to retreat from the state, and may not be the last.

Wildfires and expensive rebuilding wiped out profits among California home insurers. State Farm isn’t the first insurer to retreat from the state, and may not be the last.

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State Farm has announced that due to spiking wildfire risks and construction costs, it is leaving selling in California’s home insurance market