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Newsom, insurance payouts
Newsom promotes bill to bring interest from fire-related insurance payments to homeowners
California Gov. Gavin Newsom (D) threw his support Monday behind legislation aimed at guaranteeing that wildfire-impacted homeowners, rather than their lenders, would receive interest earned from
Newsom wants homeowners in burn areas to get interest earned on insurance payouts
Insurance payouts can accrue significant interest while the money sits in escrow during rebuilding, say proponents of a bill that Gov. Newsom says would ensure that homeowners benefit.
Bill seeks to shift interest earned on insurance payouts to homeowners
A proposed assembly bill seeks to give interest earned on insurance payouts to homeowners, Gov. Gavin Newsom announced Monday. Assembly Bill 493 seeks to change the current law that allows […]
PBS
10h
California faces insurance crisis as homeowners lose coverage amid extreme weather
Before thousands lost their homes in the recent Los Angeles wildfires, many had lost their insurance. Some residents found ...
2d
on MSN
For most L.A. fire victims, insurance won’t pay enough to rebuild
Experts say homeowners in fire-prone areas are increasingly carrying policies that may not cover the full cost of rebuilding.
ABC 7 Los Angeles on MSN
4d
Fire-ravaged LA areas faced high non-renewal rates for home, fire insurance before disaster struck
Dropped from your home or fire insurance? See which Southern California zip codes have the highest non-renewal rates.
14h
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
5d
on MSN
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
9h
on MSN
Shasta County urges action on rising home insurance costs amid wildfire risks
As California struggles with increasingly severe wildfires, Shasta County officials are urging Governor Newsom to address the ...
JD Supra
4d
California's New Insurance Fix Faces Multi-Billion-Dollar Wildfire Test
The Southern California wildfire crisis struck just when the Department of Insurance’s “Sustainable Insurance Strategy” was set to go into ...
FOX 11 Los Angeles on MSN
3d
Free mattresses available for California fire victims
Howard’s Appliance & Mattress and Serta Simmons Bedding, in partnership with the American Red Cross, is providing free ...
reinsurancene
4d
ZestyAI’s Z-FIRE model gains approval for California wildfire risk assessment
ZestyAI, a provider of AI-driven climate and property risk analytics, announced that Z-FIRE, its advanced wildfire risk model ...
2d
on MSN
Insurance commissioner: Wildfire victims should be paid without itemizing lost contents
Many Altadena and Palisades fire victims struggle to itemize the possessions they lost. Insurance Commissioner Lara says ...
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