New Mexico's Office of the Superintendent of Insurance (OSI) has raised the commercial property coverage limit under the ...

The homeowners have been "non-renewed" and sent to the FAIR Plan, which covers only fire loss and can cost thousands of ...

The request is just the first step in a department review process, and the rate hike that is ultimately approved could be lower.

California Gov. Gavin Newsom has signed several bills aimed at reforming the state’s Fair Access to Insurance Requirements ...

In the closing days of the legislative year, California lawmakers sent Gov. Gavin Newsom a bill that is meant to toughen scrutiny of the state’s embattled fire insurer of last resort by insisting that ...

The California FAIR Plan has proposed raising home insurance rates by an average of 35.8% starting next spring - a hike that, if approved in full, would be its largest in at least seven years.

As California's insurance market evolves, debate swirls around the use of catastrophe modeling to set rates - a practice that ...

The bipartisan bill aims to prevent the state’s home insurer of last resort from running out of money following a natural ...

The FAIR Plan, California’s last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see ...

The kinds of climate-fueled firestorms like we saw in January will only continue to worsen over time,” the governor said.