California Insurance Archives

GEICO Closes All 38 Offices In California

August 2, 2022 2:30 amAugust 2, 2022 6:22 am

GEICO, one of the largest insurance companies in the United States, reportedly closed all 38 of it’s California offices on Monday, resulting in hundreds of workers being laid off. According to the company, GEICO would not be leaving outright, and...

New Fireproofing Home Standards Unveiled by CA Insurance Commissioner Lara

February 15, 2022 11:57 am

California Insurance Commissioner Ricardo Lara unveiled a new set of statewide insurance standards on Monday aimed at both fireproofing older homes against wildfire risk and keeping wildfire insurance affordable and available for homeowners. According to the California Department of Insurance,...

325,000 Homeowners, Renters in Wildfire Counties Won’t Lose Homeowners Insurance

September 21, 2021 3:54 pm

California Insurance Commissioner Ricardo Lara announced a new one-year moratorium protecting 325,000 homeowners and renters in 22 counties from having their fire insurance dropped on Monday. The new mandatory one-year moratorium on non-renewals covers those with insurance in ZIP codes...

Insurance Commissioner Lara Extends Insurance Cancelation Moratorium in Wildfire Areas

November 9, 2020 6:10 pmNovember 9, 2020 3:10 pm

On Thursday, California Insurance Commissioner Ricardo Lara announced that, for the second year in a row, a one-year moratorium would be placed on insurers from canceling or not-renewing homeowners policies in wildfire-affected ZIP codes. Altogether, the announcement will affect 2.1...

Fire Policies Can No Longer Be Dropped By Insurance Companies In California

December 7, 2019 2:16 amDecember 6, 2019 8:00 pm

After years of rising numbers of wildfires and insurance claims against wildfires skyrocketing in California, the California Insurance Commission announced Thursday that homeowner policies will no longer be canceled in wildfire-affected areas. At an Oakland Hills news conference, California Insurance...