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Two Oregon lawmakers are calling on major insurance companies to stop using their own internal wildfire risk maps to drop homeowner's policies 鈥 at least until next year.
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CalFire released its fourth and final round of color-coded hazard maps. Different colors come with different rules.
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As insurers abandon fire-prone areas, homeowners are hard pressed to find 鈥 and afford 鈥 coverage.
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As the FAIR Plan writes more fire-insurance policies, homeowners complain about poor service, rising costs and threats of getting kicked off.
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Starting January 1st, insurance companies will have new wildfire laws to follow in Oregon.
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Drivers鈥 complaints about difficulty getting insurance coverage prompt state to reiterate laws, signal possible enforcement actions.
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鈥淲ill Californians see increased insurance costs in the future? The only realistic answer is yes,鈥 California Insurance Commissioner Ricardo Lara told state lawmakers this week.
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Californians have said they experienced added difficulty over the past year in getting car insurance. Insurer rates have gone up more than usual.
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The program, funded in large part by taxpayer money, pays farmers when their crop yields decline in an effort to keep the agricultural sector economically stable.
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The state鈥檚 unemployment insurance debt, which ballooned as a result of the pandemic, is in dire straits with no clear path forward.
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Insurance Commissioner Ricardo Lara unveils a plan to shore up the California insurance market for homeowners. Insurers would return to wildfire zones, but would have an easier path to rate increases.
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Legislators weren鈥檛 able to reach a compromise that helps insurers with wildfire risk while also protecting homeowners. Interest groups hope to find one in meetings this fall.
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After California鈥檚 largest home insurance provider said it wouldn鈥檛 issue new policies, consumer and insurance industry groups have ideas for what they鈥檇 like to see California do. Here鈥檚 the debate over four of those ideas.
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Wildfires and expensive rebuilding wiped out profits among California home insurers. State Farm isn鈥檛 the first insurer to retreat from the state, and may not be the last.