Climate change to obliterate $1.5 trillion in U.S. home values
More than 5 million Americans will leave areas being impacted by climate change this year, according to study.
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More than 5 million Americans will leave areas being impacted by climate change this year, according to study.
Former San Francisco Supervisor Jane Kim and State Sen. Ben Allen, both Democrats, have advanced in the primary election for California's insurance commissioner race, the Associated Press projects.
Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
Once thought of as a small, rarely-used backstop, the FAIR Plan is now one of the largest insurers in the state, and people without FAIR Plan insurance are the ones on the hook for the FAIR Plan's debt. Yet the FAIR Plan is still cloaked in secrecy.
Two lawsuits allege major home insurance companies have colluded to limit coverage in wildfire-prone California communities and force homeowners onto the state's last-resort insurance plan.
At an Oakland hearing Tuesday, attorneys for State Farm Insurance made their case for an emergency rate hike that could impact insurance rates for millions of Californians.
John Ramos reports on the first day of the Oakland hearing on State Farm Insurance arguing for an emergency rate hike that will impact millions of Californians.
As more people in California lose private insurance, the state's FAIR plan is filling up with homes in places the industry itself has classified as low-risk for wildfire.
State Farm General also had a blunt warning to Californians about the future of insurance in the state.
The largest insurer in the state is requesting a rate increase that would affect every one of its customers, and likely drive up the price of coverage for everyone else.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Insurance companies are canceling homeowner policies across the U.S. — even in regions that aren't considered climate hot spots.
Changes to the way the insurance industry is regulated in California may mean all of the state's residents will be paying for at least a part of the cost of rebuilding from the destructive wildfires in Los Angeles County.
Insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas under a new state regulation that was announced Monday.
John Ramos reports on how California residents could face higher insurance surcharges if the state's FAIR Plan runs dry due to Los Angeles County fire claims.
Anne Makovec reports on the state's insurance crisis escalating with the destruction from the Palisades and Eaton fires.
Gianna Franco talks to one Bay Area real estate agent about how to navigate the home-buying process in 2025.
The devastation from the raging fires in Southern California is only just starting to come to light, but there are already questions about how the destruction will impact homeowners insurance for all Californians.
Kara St. Cyr reports on the impact the destructive fires in Los Angeles County will likely have on the state's insurance market.
Under a new insurance regulation that just got approved this week, California Insurance Commissioner Ricardo Lara said homeowners should have an easier time buying fire insurance, even in fire-prone areas.
Da Lin reports on new rules announced by California Insurance Commissioner Ricardo Lara that will require companies to write policies in fire-prone areas.
In San Mateo County, leaders have asked Gov. Gavin Newsom to declare a state of emergency over the home insurance crisis as homeowners scramble to find solutions.
Max Darrow reports on the call for the state government to step in as more home insurers leave California.
Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.
As climate change whips up wilder weather, more Americans must deal with "hazards they have not faced in the past," expert says.
