Department of Insurance – Page 3

Weak Leadership is Failing California’s Insurance Market

July 3, 2024 3:45 pmJuly 3, 2024 3:45 pm

They say weak leaders make hard times. Under the leadership of Ricardo Lara, the California Department of Insurance is cracking under pressure. The California insurance market is at a breaking point, and Lara is missing in action. As reported by...

The Time for Action on Insurance Crisis is Now

June 4, 2024 3:15 amJune 4, 2024 1:21 pm

Californians need bold and immediate action from the Governor Gavin Newsom and Insurance Commissioner Ricardo Lara to help attract insurers back to the state, create a robust market, and give consumers more options for fire insurance coverage. Proposition 103, passed...

Climate Change Agenda: Media Hyping ‘Extreme Heat Warning’ When CA Temps are Not ‘Extreme’

June 3, 2024 2:45 amJune 3, 2024 6:36 am

For a week now most news outlets have issued dire warnings that California will be under an “extreme” heat wave this coming week. Fox News reported breathlessly Sunday evening that temperatures in California will reach as high as 120 degrees...

Tokio Marine Insurance, Mercury Insurance Agree To Customer Switchover For Thousands Of Policyholders

May 14, 2024 2:45 amMay 14, 2024 2:46 am

Thousands of California insurance-holders saw a rare moment of relief on Monday when the Mercury General insurance company announced that they would be working with both the Tokio Marine America Insurance Company and the Trans Pacific Insurance Company, who will...

Travelers Insurance Announces Home Insurance Rates Going Up 15% In June

May 7, 2024 2:45 amMay 7, 2024 2:46 am

According to a new Department of Insurance filing released on Monday, Travelers Insurance is to increase most policies in the state of California by 15.3% starting in June. For over a year, insurance companies have been slowly limiting policies, ending...

Two More Insurance Companies Pull Out Of California

April 19, 2024 5:00 pmApril 19, 2024 5:01 pm

According to new California Department of Insurance filings this week, both the Tokio Marine America Insurance Company and the Trans Pacific Insurance Company announced that they would no longer offer homeowners and personal umbrella insurance in California and would leave...

State Farm Announces Non-Renewal Of 72,000 Insurance Policies In California

March 22, 2024 2:45 amMarch 22, 2024 2:46 am

In an announcement on Thursday, the largest property and casualty insurance company in California, State Farm Insurance, announced that 30,000 property insurance and 42,000 commercial apartment policies would not be renewed throughout the state, effectively removing 2% of all policies...