December 19, 2019
Tom and Tamara Conry were dead set on returning to Paradise after the deadly Camp Fire destroyed the town last November. The couple‘s home was barely touched by the fire, and most other survivors had a much steeper climb to recovery.   But when their property insurer, American Reliable, notified them in December that it wasn‘t renewing the couple‘s homeowner‘s coverage, they realized...
As posted at: Denton Daily

December 16, 2019
PG&E’s bankruptcy is making some people very rich. Since the utility filed for Chapter 11 protection in January, lawyers and consultants have made a staggering $217 million. Big banks have netted $114 million in financing fees — and that number could top $1 billion by the time the company exits bankruptcy next year. Others are reaping the bankruptcy windfall, too. A handful of hedge funds...
As posted at: KQED

December 16, 2019
Homeowners who have faced difficulty renewing home insurance policies can breathe a little easier for now. On Dec. 5, state insurance commissioner Ricardo Lara issued a mandatory one year moratorium on insurance companies not renewing policyholders, helping at least 800,000 homes in wildfire disaster areas in California. The commissioner’s action is the result of Senate Bill 824, authored last...
As posted at: Big Bear Grizzly

December 14, 2019
Do you know your wildfire risk score?
 Most people know they have credit scores that help determine whether they get a loan and what their interest rate will be. They probably don’t know that if they live in the West, they have a wildfire risk score that could influence whether they get homeowners or renters insurance and how much they will pay. Many insurance companies use these property-...
As posted at: San Francisco Chronicle

December 12, 2019
Helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California, Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies non-renewing policyholders Thursday. The action is the result of Senate Bill 824  in order to give temporary relief from non-renewals to residents living near a declared wildfire disaster. This is...
As posted at: Gold Country Media

December 11, 2019
Homeowners living in areas prone to fire- and hurricane-related damage face another risk: getting dropped by their insurance company As if living through a string of deadly wildfires weren’t bad enough, some California homeowners were further burned when their insurers wouldn’t renew their fire-protection policies. In response, California last week announced a one-year moratorium forbidding...
As posted at: Mansion Global

December 10, 2019
California has issued a mandatory one-year moratorium on insurance companies non-renewing policyholders in a bid to provide temporary relief to residents hit by recent wildfires. Insurance Commissioner Ricardo Lara believes the moratorium will help at least 800,000 homes in wildfire disaster areas in Northern and Southern California, while helping to stabilise the insurance market.  ...
As posted at: Reinsurance News

December 10, 2019
Ricardo Lara also called on companies to voluntarily stop sending non-renewal notices in other regions   With an increasing number of California homeowners complaining about insurance companies dropping their fire coverage, Insurance Commissioner Ricardo Lara on Thursday issued a moratorium on non-renewals in some areas, demanding that providers insuring homeowners adjacent to...
As posted at: Enterprise-Record

December 10, 2019
The state insurance commissioner took a bold step Thursday to prevent property insurance companies from dropping a slew of homeowner customers, banning insurers for a year from canceling coverage for people residing in or near areas where the state’s 16 wildfires burned this year.   It protects 140,000 policyholders living close to the Kincade fire that sparked in north Sonoma County...
As posted at: The Press Democrat

December 10, 2019
Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders — helping at least 800,000 homes in wildfire disaster areas in Northern and Southern California, a news release states, but Nevada County residents will not be impacted by the policy change.   The one-year moratorium only includes customers living in...
As posted at: The Union