April 24, 2025
Wall Street Journal
Californians these days dread receiving a letter from their home insurer as much as from the tax man. Insurance rates are skyrocketing, and they may have to increase much more to correct for years of government price controls. That’s the message from a new American Enterprise Institute (AEI) report that compares risk-insurance rates in the […]
Read MoreJanuary 13, 2025
Pasadena Star-News
The devastation of the fires in Los Angeles has been hard to fathom. Thousands have lost their homes, priceless personal items, memories, and in some cases the very neighborhoods where they lived most of their lives. Some have even lost their lives. And in the aftermath, we will be left with a problem that will […]
Read MoreOctober 1, 2024
Capitol Weekly
California’s homeowners insurance crisis is making it more difficult to build and buy affordable homes — and in some cases impossible. By restricting the supply of housing, particularly condominiums and multi-family housing, lack of insurance availability is driving up consumer housing costs and limiting the lowest priced homeownership option for consumers. Home builders were reassured […]
Read MoreJuly 29, 2024
San Jose Mercury News
As California grapples with another season of wildfires, the impact on the state’s insurance market has become increasingly dire. The reasons are numerous and complex: the rise in wildfires and extreme weather, high construction costs driven by inflation, high costs of capital, legal system abuse, and longstanding regulatory impediments. Homeowners are understandably weary of seeing […]
Read MoreJuly 12, 2024
Mountain Democrat
State Farm Insurance recently filed for rate increases with the California Department of Insurance. The company is seeking a 30% rate increase for most homeowners, a 36% increase for condominium owners and a 52% increase for renters. State Farm has the largest number of homeowner policies, followed by Liberty Mutual, Farmers, Nationwide and USAA. The […]
Read MoreJuly 21, 2023
New York Times
As different as California and Florida are, they share one big problem: Insurance companies are curtailing business in the two states. Some aren’t writing new policies. Others are going further and not renewing policies as they expire. I’m picturing vans pulling out of Sacramento or Tallahassee filled with sad-looking insurance mascots. Geico’s gecko. Jake from […]
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