Florida homeowners insurance company accused of siphoning profits
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
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As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
Insured property losses have soared, pushing insurers into hiking rates or even pulling out. So-called catastrophe bonds are emerging as a way to bring more capital into the market. Ash-har Quraishi reports.
Several factors are driving up home insurance premiums across the U.S. to record highs.
The latest California wildfire, burning about halfway between Los Angeles and San Francisco, was just 10% contained on Saturday. Meanwhile, homeowners who felt lucky their homes didn't burn to the ground are in for a surprise. Elise Preston has more.
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.
More than four months after the devastating wildfires broke out in Southern California, homeowners are being hit again. Insurance premiums are going up to cover payouts, though some homeowners say they're still waiting for checks. Jonathan Vigliotti reports.
For one woman who lost her home in the deadly Los Angeles wildfires, insurance won't come close to covering the cost to rebuild. As Elise Preston reports, she's far from alone.
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.
A South Carolina facility simulates wildfires to research what makes one house burn and another survive.
California's largest insurer, State Farm General, is seeking a 22% rate hike after $7.5 billion in wildfire losses. For insight into how climate change could impact coverage nationwide, Jeremy Porter, Head of Climate Implications at First Street, joins "CBS Mornings Plus."
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.
Following a CBS News investigation, California's insurance commissioner said he will push to require more transparency when it comes to the state's FAIR Plan for fire insurance. CBS News' Julie Watts and Scott Pham join "The Daily Report" to discuss their investigation.
A Florida company says its new technology is helping to build homes faster and at a lower cost amid the impacts of climate change.
As many as three-quarters of U.S. homeowners could be underinsured, a significant risk as weather disasters intensify.
State Farm General also had a blunt warning to Californians about the future of insurance in the state.
More than 5 million Americans will leave areas being impacted by climate change this year, according to study.
The total cost of rebuilding homes in the L.A.-area fires will outpace what underinsured owners' insurance policies can afford.
Before the fires in Southern California, you could see mile after mile of beautiful houses on wooded landscapes. But what you couldn't see was that many of the homes were uninsured or underinsured. Mark Strassmann reports.
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.
Analysts predict insurers could pay out more than $20 billion just from this latest wildfire disaster alone.
More than 100,000 homeowners in the Los Angeles area were dropped by their insurance companies before the recent wildfires broke out. Elizabeth Cook shares the story of families now struggling to piece their lives back together after losing everything in the fires.
Thousands of Los Angeles homeowners do not have home insurance. Several private insurers in California have either raised prices or completely removed their coverage in at-risk areas. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.
Increasingly intense wildfires have become more common in California, upending the lives of thousands. Many insurers are dwindling coverage options, leaving several homes in danger. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.
The Iran war is nearing the three-week mark as about 2,200 more U.S. Marines and three more warships are headed toward the region, two U.S. officials say.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
Chuck Norris' family said his death at 86 was sudden, but did not share any other information.
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
The Trump administration argued that Harvard unlawfully discriminated against Jewish and Israeli students, in violation of federal civil rights law.
Wait times at major U.S. airports continue as TSA officer callouts mount after employees missed their first full paycheck last week.
Police in Barcelona said the death of Jimmy Gracey, a University of Alabama student from Illinois who went missing on vacation, was likely an accident.
Few Americans feel they know a lot of the specifics about the SAVE Act.
The first Marine Expeditionary Unit, which is coming from the Pacific, is still making its way toward the region
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
Wait times at major U.S. airports continue as TSA officer callouts mount after employees missed their first full paycheck last week.
Experts warn that surging energy costs are likely to ripple through U.S. supply chains, resulting in higher prices online and in stores.
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
Experts warn that surging energy costs are likely to ripple through U.S. supply chains, resulting in higher prices online and in stores.
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
The United Nations' top nuclear watchdog, IAEA Director-General Rafael Grossi, told CBS News that Iran still has the technical ability to restart its nuclear program, even though U.S. military strikes dented the program.
The first Marine Expeditionary Unit, which is coming from the Pacific, is still making its way toward the region.
The Trump administration argued that Harvard unlawfully discriminated against Jewish and Israeli students, in violation of federal civil rights law.
A 31-year-old Georgia woman has charged with murder by police who say she took pills to induce an abortion.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
Mexican President Claudia Sheinbaum on Friday condemned the deaths of three Mexican nationals in ICE custody this year.
The announcement comes as NATO faces criticism from President Trump, who's seeking military assistance in securing the key Strait of Hormuz.
The United Nations' top nuclear watchdog, IAEA Director-General Rafael Grossi, told CBS News that Iran still has the technical ability to restart its nuclear program, even though U.S. military strikes dented the program.
As the Iran war rages, Israel continues killing senior Iranian figures. CBS News asked experts how they do it.
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island will be released to the media with redactions, court records show.
Action star Chuck Norris has died at age 86, his family announced Friday. CBS News' Mugo Odigwe reports.
Reality TV star Taylor Frankie Paul's booking photo for an apparent incident in 2023 has emerged. Entertainment Tonight's Nischelle Turner joins with more details.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
"All the Empty Rooms," which follows CBS News' Steve Hartman and photographer Lou Bopp as they document the empty bedrooms of children killed in school shootings, won an Oscar for Best Documentary Short Film. Hartman and the film's director, Joshua Seftel, talk about what that moment meant to the families of the victims and having Gloria Cazares, the mother of a 9-year-old girl killed in Uvalde, deliver the acceptance speech.
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
More than 80% of adults say they go online at least several times per day and research indicates that even adults' fully-formed brains can suffer negative consequences from excessive screen time. Dr. Sue Varma breaks down risks, tips to reduce your screen time and why adults are spending more time on screens.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
NVIDIA's GTC conference brought big crowds to Silicon Valley this week, with hundreds of companies showcasing products powered by NVIDIA's chips. Tim Werth, tech editor at Mashable, joins CBS News to discuss.
A tech entrepreneur in Australia, Paul Conyngham, said he used artificial intelligence to design a cancer vaccine for his dog Rosie. He joins CBS News with Páll Thordarson, director of the UNSW RNA Institute, who worked with Conyngham on the technology.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island will be released to the media with redactions, court records show.
Federal prosecutors in Miami subpoenaed former FBI Director James Comey as part of a probe into Obama-era intelligence officials, two sources familiar with the investigation tell CBS News. Jake Rosen reports.
The failure to protect explicit case evidence in Denise Huskins' kidnapping and sexual assault case is driving reform at the State Capitol. New developments exposed a little-known gap in state law that could expose videos of sexual assault victims.
Several Minnesota families saw justice served on Thursday morning after five young women were killed in a high-speed crash two summers ago in Minneapolis.
In the summer of 2013, Minnesota resident Gary Herbst seemingly disappeared. Years later, investigators made a startling discovery. Peter Van Sant has the story for "48 Hours."
After a trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Former Iran detainees Siamak Namazi and Emad Shargi, who were among five U.S. citizens freed in a 2023 high-stakes diplomatic deal, tell "Face the Nation" moderator Margaret Brennan that they're worried about Americans held in Iranian prisons as the U.S. war there continues. Watch their full panel discussion.
The Freedom House "Freedom in the World" report continues to track declining global liberties. Amy Slipowitz, the report's co-author, joins CBS News with more details.
President Trump is doubling down on his comments against members of the North Atlantic Treaty Organization regarding their unwillingness to join in the war against Iran. CBS News' Nancy Cordes reports.
Federal prosecutors in Miami subpoenaed former FBI Director James Comey as part of a probe into Obama-era intelligence officials, two sources familiar with the investigation tell CBS News. Jake Rosen reports.
Action star Chuck Norris has died at age 86, his family announced Friday. CBS News' Mugo Odigwe reports.