Group urges the insurance commissioner to hold companies accountable By Kenneth Araullo, INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/environmental/watchdog-reiterates-call-for-fossil-fuel-disclosure-from-insurers-484613.aspx Consumer Watchdog has called for Insurance Commissioner Ricardo Lara to enforce transparency from insurance companies regarding their insurance of fossil fuel projects, aligning with the broader climate...

https://www.youtube.com/watch?v=H80Vy9FObt8 Last month, State Farm Insurance announced it would be dropping thousands of California policies beginning this summer, nearly a year after announcing it would no longer accept homeowner insurance applications in the Golden State.

By Jeremia Kimelman, CALMATTERS https://calmatters.org/digital-democracy/2024/04/california-legislature-gifts-travel/#:~:text=Free%20travel%20for%20legislators&text=Special%20interest%20groups%20and%20nonprofits,%24950%2C000%20in%20travel%20in%202022.

By Ruben Vives, LA TIMES https://www.latimes.com/california/story/2024-04-10/westside-l-a-hit-hard-as-state-farm-cancels-home-insurance Thousands of Californians who won’t see their home insurance renewed by State Farm this summer are homeowners in Los Angeles County, with some upscale Westside neighborhoods hit hard, according to the insurer’s recent filings...

By BLANCA BEGERT and CAMILLE VON KAENEL, POLITICO  https://www.politico.com/newsletters/california-climate/2024/04/09/laras-forced-marriage-with-insurers-00151420 HOME FIRES BURNING: In Sacramento, Ricardo Lara is the state’s insurance commissioner who hasn’t yet stopped an exodus of property insurers fleeing increased costs fueled by climate change. But at the Hotel Indigo in downtown Los Angeles where...

By Staff Reporters, KCBS-AM – San Francisco, CA  Click below to listen to the audio of this radio broadcast segment.

By JP Crumrine, INSURANCE NEWSNET https://insurancenewsnet.com/oarticle/state-farm-continues-withdrawal-from-state Despite efforts by the state's Department of Insurance (DOI) to revise the rate making policies in California, on March 20, State Farm announced it would not be renewing more than 70,000 commercial, residential and...

By Mike Pangilinan, INSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/property/consumer-watchdog-wants-mandatory-coverage-for-wildfiresafe-homes-483241.aspx A consumer advocacy group in California is pushing for reforms that would require insurance companies to provide coverage to homeowners who have taken steps to mitigate wildfire risks to their properties. In comments made before...

https://www.youtube.com/watch?v=bLsyrzTHydc Consumer Watchdog says, what you can do if you've been caught up in this is you can freeze your credit with the big three credit bureaus for free, and that makes it a little bit harder for someone...

By Emily Alpert Reyes, LOS ANGELES TIMES https://www.latimes.com/science/story/2024-03-31/california-cosmetic-surgery Inside a clinic wedged next to a smoke shop in a South Los Angeles strip mall, Dr. Mohamad Yaghi operated on a 28-year-old woman who had traveled from Las Vegas to have...

By Chloe Veltman, NPR https://www.npr.org/2024/03/30/1241863710/att-data-breach-dark-web AT&T announced on Saturday it is investigating a data breach involving the personal information of more than 70 million current and former customers leaked on the dark web. According to information about the breach on the...

By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/article287155520.html Former insurance commissioner Dave Jones has a sobering view on the future of homeowner coverage in California: He believes the state is “marching steadily towards an uninsurable future.” That’s because world leaders aren’t acting...

By Anthony De Leon, LOS ANGELES TIMES https://www.latimes.com/california/newsletter/2024-03-29/california-offers-catastrophe-plan-to-draw-insurers-back-to-the-state-but-at-what-cost-essential-california California intends to attract insurers back with flexible policies The homeowners insurance crisis in California worsened last week when State Farm General Insurance announced that it wouldn’t renew 72,000 property owner policiesstatewide. Those policies...

By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2024-03-29/californias-insurance-crisis-what-went-wrong-whats-being-done-to-fix-it-and-how-homeowners-can-help-themselves Climate change and extreme weather have contributed to catastrophic fires that destroyed thousands of California homes in recent years - and an insurance crisis that could result in the biggest set of regulatory...

By Blanca Begert, POLITICO https://www.politico.com/newsletters/california-climate/2024/03/28/california-and-the-feds-are-already-diverging-on-evs-00149685 GETTING PERSONAL: Put Consumer Watchdog and the Personal Insurance Federation of California in the same room, and you’re bound to get fireworks. Representatives for the two organizations drew vastly different pictures of the spiraling property insurance...

https://www.youtube.com/watch?v=_bPtJt4YMWI Carmen Balber wants the legislature to require insurance companies provide coverage for homeowners who have taken steps to reduce fire risks and protect their properties.

https://www.youtube.com/watch?v=58t6AHiK1Oo Nearly 30 years ago, her mother died as a result of a plastic surgery malpractice case. She dealt with the trauma through performance and art but as Ryan Yamamoto reports, the healing began which are used the tragedy...

https://www.youtube.com/watch?v=3JYwGtz215w Harvey Rosenfield, founder of consumer watchdog, says the insurance companies are intentionally forcing homeowners into the fair plan as a way of getting every homeowner in the state to pay the fair plan's losses.

By Justin Kloczko, CAL MATTERS https://calmatters.org/commentary/2024/03/wall-street-ai-california-protections Artificial intelligence may soon replace financial advisors, and that’s just the start. While one algorithm predicts stock price, another decides what to disclose to regulators. Chat GPT-style language models could soon hallucinate your mortgage application or...

https://www.youtube.com/watch?v=zPjpJpnGA8I Carmen Balber says what we need is a mandate that home insurers who want the privilege of selling home and auto insurance in California, sell to every California who does the right thing and meets state mandated guidelines...