November 26, 2020
In the Santa Cruz mountains, the charred scars of the CZU fire stretch in every direction. But every once in a while, the scorched landscape yields to a house that survived. Theresa Brees’ home is one of the lucky ones.    “Our house is basically an island in the middle of a forest fire,” she said. “Our next door neighbor survived. And then, all the other houses are lost.”...
As posted at: NBC Bay Area

November 25, 2020
There’s a battle raging over “ALE” and it has nothing to do with beer. ALE is the acronym for additional living expenses coverage. It’s the money you’ll need to live elsewhere if forced from your home due to fire or any disaster covered by your homeowners insurance policy.   ALE coverage pays for expenses beyond your “normal” costs at home. It is supposed to reimburse you for the extra...
As posted at: Forbes

November 10, 2020
You might call the California Earthquake Authority a financial shock absorber for the Golden State, home to nearly 40 million people and to two-thirds of the country’s earthquake risk.   Created in 1996, the California Earthquake Authority (CEA) is the largest residential earthquake insurer in the U.S., issuing about two-thirds of the residential earthquake policies sold in California...
As posted at:

November 9, 2020
Implements 2018 law he authored giving breathing room to wildfire survivors   November 5, 2020 - LOS ANGELES, Calif. — Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies non-renewing or cancelling residential property insurance policies—helping 2.1 million policyholders, or 18 percent of California’s residential insurance market...
As posted at: Sierra Sun Times

November 9, 2020
The California insurance commissioner on Thursday issued an order prohibiting insurance companies from canceling property insurance policies for one year for people who live in or around the areas burned by the recent Glass and LNU Lightning Complex fires.   Ricardo Lara’s action will preserve property insurance coverage for 164,516 Sonoma County homeowners affected by or living close...

November 6, 2020
As this year’s historic wildfire season winds down, Californians living in fire-prone territory got temporary relief from another threat: they can’t lose their homeowners’ insurance policies for another year.   Premiums and nonrenewal rates have skyrocketed in California’s fire-prone regions since 2015 as companies are loath to pay for damages wreaked by the state’s increasingly...
As posted at: CalMatters

November 2, 2020
Louisiana homeowners will likely face an unwelcome obstacle as they recover from the damage caused by Hurricane Zeta: the dreaded hurricane deductible.   Those deductibles, which became a nearly universal part of insurance contracts on the Gulf Coast after Hurricane Katrina, put the onus on homeowners to pay for a big chunk of damage costs before the policy kicks in -- typically 2% to...
As posted at: NOLA.com

October 21, 2020
One thing we know for sure about the coronavirus, it’s been giving our homes a workout.   With many people spending all day and night in lockdown, this has placed unusual strain on such things as kitchen appliances and bathroom fixtures.   Which may have gotten you thinking about home warranties, a form of insurance that covers many things the typical home-insurance policy...
As posted at: Los Angeles Times

October 13, 2020
Three years since the Tubbs fire, there have been some notable improvements for homeowners who are wrangling with their insurance carriers in the aftermath of a wildfire loss.   The state Legislature enacted some reforms, such as boosting rental living expenses from a maximum of two years to three years after a disaster while a homeowner waits for their home to be rebuilt. Last month,...
As posted at: The Press Democrat

October 5, 2020
Wildfire victims who lose their home and possessions will be able to recoup money for their expenses faster, thanks to legislation that makes property insurance benefits easier to collect.   Gov. Gavin Newsom signed Senate Bill 872 into law Thursday, providing a suite of insurance protections and streamlined claims processing to better respond to the recovery challenges residents face...
As posted at: The Press Democrat