California's insurance commissioner unveiled a new plan to let insurance companies use specific models around future catastrophes.
California residents have seen several insurers end homeowner insurance policies as the state grapples with wildfires and natural disasters, but a new proposal seeks to solve the insurance crisis once and for all.In March, Ricardo Lara, California's insurance commissioner, unveiled his new plan to let insurance companies use specific models around future catastrophes to implement higher rates on homeowners.
Across the state, homeowners have complained about skyrocketing premiums and the loss of coverage as large insurance companies, including American National and State Farm, abandon policyholders. The increasing prices also contribute to the state's already troublesome lack of affordable housing, which has pushed many residents to migrate to cheaper parts of the country.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
If California wants to solve homelessness, it’ll have to support reparationsCan we really trace the problems of Black homelessness and poverty back to slavery? A UCSF study says yes, and it's time we listen.
Read more »
Public housing can’t solve California’s housing crisisCalifornia residents are living through the fallout of these burdensome zoning restrictions and bad policy decisions. The solution: government needs to get out of the way.
Read more »
California speeds plans to empty San Quentin's death rowCalifornia prison officials announced they will move the last 457 condemned prisoners out of San Quentin's death row by summer. They will be transferred to other state prisons and housed in the general population.
Read more »
Los Angeles, California job with University of Southern California CCMB Dechen Lin LabWe are seeking 2 highly motivated postdoctoral fellows with background in either bioinformatics, cancer biology, epigenomics, immunology, or metabolism to join our NIH-funded laboratory at Center for Craniofacial Molecular Biology, Norris Comprehensive Cancer Center, University of Southern California.
Read more »
Democrats losing their hold on California and California losing its hold on America Democrats are losing ground in California as California loses population to other states.
Read more »
10 years: New search seeks to solve mystery of missing Malaysian MH370 planeA Texas-based company asserts they possess scientific evidence pinpointing the ultimate location of the missing flight MH370. Texas-based Ocean Infinity proposes a new search in the southern Indian Ocean, where MH370 is thought to have crashed ten years ago.
Read more »