Farmers Insurance to expand coverage options in California

In a California “First,” Commissioner Lara Announces Enforcement of Regulation to Expand Insurance Coverage Across State

Press releases are posted on Independent.com as a free community service. SACRAMENTO, Calif. — Today Insurance Commissioner Ricardo Lara enforced his “first of its kind” catastrophe modeling and ratemaking regulation, a central part of his Sustainable Insurance Strategy to increase coverage in wildfire-distressed areas of the state. The Department of Insurance posted the final regulation after the Office of Administrative Law filed it with the …

Farmers Insurance to expand coverage options in California

Farmers Insurance, California’s second-largest insurance provider, announced earlier this week that it will reopen some closed lines of coverage to new customers in California and write more homeowners policies. Beginning on Saturday, the insurance carrier will resume offering several lines of coverage, including renters, condominium and landlord insurance, to new customers statewide. Many of these services weren't offered to new customers for o…

California approves new insurance changes in hopes of stabilizing the market

Today, possibly big news for those impacted by California’s home insurance crisis.  Friday, the state’s Department of Insurance says it got a major procedural green light to make some changes that might entice insurance companies to stop dropping people’s policies and possibly resume selling homeowners coverage.  The state says it’s now clear to let home insurance companies use future-looking computer catastrophe models to set our rates. In exch…

Farmers Insurance Expands Insurance Plans in California to Provide More Choices - West Palm Beach News

WPBN: Farmers Insurance, which is the second-largest insurance provider in California, made an announcement earlier this week that it will reopen some closed lines of coverage to new consumers in the state of California and write additional homeowner’s policies. Beginning this coming Saturday, the insurance company will once again begin providing new customers across the state with a variety of coverage options, including renters, condominium, a…