At least 2.1 million residents in California are facing the looming threat of losing their insurance cover on homes as the state’s moratorium on companies dropping coverage for homeowners in wildfire-prone areas would come to an end in November. Last year, Californians living in the fire-prone territory were given temporary relief from losing their insurance… Continue reading Millions of Californians Face Losing Insurance on Homes in Wildfire-Prone Areas
Tag: CA wildfire home insurance
Farmers Makes Coverage Available to Some CA Homeowners in Wildfire-Prone Areas
Thousands of California residents who only can buy homeowners policies through the state’s last-resort insurance program will now be eligible for Farmers Insurance coverage. Farmers’ ability to offer insurance is related to a partnership with the startup Zesty.ai, which will enable Farmers to use artificial intelligence incorporating high-resolution aerial imagery, building-material and code data and… Continue reading Farmers Makes Coverage Available to Some CA Homeowners in Wildfire-Prone Areas
California Governor, Regulator Team Up for Wildfire Standards
California’s insurance regulator is joining with Governor Gavin Newsom’s administration in drafting standards to help protect homes and communities from wildfires. The “hardening” standards will apply to retrofits for older existing homes, in an attempt to help owners find and keep fire coverage, the California Department of Insurance said earlier this week in a statement.… Continue reading California Governor, Regulator Team Up for Wildfire Standards