Proposition 103 – California Globe

The AI Insurance Trap: California’s Property Market Death Spiral

March 27, 2026 11:46 amMarch 27, 2026 11:46 am

If you live in California and wonder why your homeowner’s insurance bill looks like a ransom note, congratulations: you have discovered Proposition 103. The political class has a more convenient explanation—artificial intelligence is discriminating against your bungalow—but the algorithmic villain...

Relentless Excellence Is the Way Forward

September 30, 2025 3:30 amSeptember 30, 2025 6:45 am

The horrific Southern California fires of January 7, 2025, remind us how fragile life can be. Our fellow Californians lost loved ones, homes, and treasured possessions. It is heartbreaking and impossible to measure. Insurance is an essential part of...

California’s Homeowners’ Insurance Market Is Broken; Here’s How to Repair It

June 19, 2025 2:33 pmJune 19, 2025 2:33 pm

California Insurance Commissioner Ricardo Lara recently stated that “we are in a statewide insurance crisis, affecting millions of Californians.” In the last few years, major insurance companies like State Farm General have restricted new business in California and have failed to renew thousands...

State Farm Requests Another Rate Increase Of 11%

May 22, 2025 2:45 amMay 22, 2025 2:46 am

State Farm Insurance announced this week that they will be pursuing an additional 11% insurance rate increase, only a week following an emergency 17% rate increase for the company being approved by the California Department of Insurance (CDI). According to...

California Golden Fleece® Award 2025 Goes to California’s Insurance Disaster

May 12, 2025 1:25 pmMay 12, 2025 1:25 pm

The envelope please… And the 16th California Golden Fleece® Award goes to… But first, some context and history. California is in the throes of a self-imposed insurance crisis, with homeowners facing selling because they can’t get insurance. And elected politicians...

Rebuilding the Pillars of California’s Insurance System

April 2, 2025 2:40 pmApril 2, 2025 2:45 pm

Imagine the Client—the policyholder, the homeowner, the small business owner—as a structure held high upon five great columns. These columns represent the forces that uphold the insurance ecosystem: Insurance Companies, the Department of Insurance, Government at all levels, the Private...

Insurance Commissioner Lara To Question State Farm on 22% Rate Increase Justification

February 15, 2025 2:45 amFebruary 15, 2025 2:46 am

In a statement Friday, Insurance Commissioner Ricardo Lara announced that he will be meeting with State Farm Insurance later this month over their proposed 22% emergency rate hike on rental homes, non-rental homes, rental units, and condos, asking them to justify...