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CALIFORNIA | LOCAL
January 17, 2012 | By Dean Kuipers
Insurance companies don't care if you believe in climate change or not: Your premiums are going up anyhow. NPR reported Monday that home insurance premiums are going up across the board in response to the record number of tornadoes, floods, fires, blizzards and other heavy weather that hit the country in 2011. The piece features insurance executives at major firms such as Allstate and State Farm saying they are raising rates as much as 10%.  The president of the Insurance Information Institute, a New York-based industry association, says the weather caused about $35 billion of insured damages last year in the U.S. in events that caused a total of $70 billion in economic losses.
ARTICLES BY DATE
CALIFORNIA | LOCAL
August 2, 2013 | By Christopher Goffard
A 38-year-old Aliso Viejo woman is charged with setting fires in her taxpayer-subsidized residences, fraudulently collecting the insurance money, and cheating on welfare. Authorities said that in August 2009, Andrea Michelle Robinson set a fire in a bedroom of the Rancho Santa Margarita home where she was living while her 12-year-old daughter was asleep in another room, and collected $25,000 in insurance for the damage. In 2011 and 2012, authorities said, she set fires at her residences in Aliso Viejo and Laguna Niguel.
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CALIFORNIA | LOCAL
August 15, 1996
On June 28, you published my letter regarding exorbitant and often unavailable homeowners earthquake insurance. Perhaps readers would enjoy hearing about the next chapter in our home- owners insurance saga. We faithfully paid the entire annual premium well before the due date by writing a check for $2,197. However, when our bank statement came, it showed that the insurance company had cashed the check for only $21.97. The very next day we received a cancellation notice of our homeowners policy!
CALIFORNIA | LOCAL
June 15, 2013 | By Jean Merl
San Francisco Giants fan Bryan Stow, who suffered brain damage when he was assaulted at Dodger Stadium two years ago, was recently sent home from a Bakersfield rehabilitation center because his insurance company stopped covering his 24-hour care, his family said this week on its website. Stow's  insurance company will no longer pay for him to stay at the Centre for Neuro Skills in Bakersfield, so the family decided to bring him home to the Santa Cruz area and find ways to help him continue to progress.
REAL ESTATE
September 14, 2003 | From Times staff and wire reports
Rising construction costs and increasingly costly natural disasters are expected to push the price of homeowner insurance up by 8% in 2004, according to a report by the Insurance Information Institute. The average cost for home insurance nationwide for 2004 is projected to be $615, an increase of $46 for the average homeowner over this year.
BUSINESS
February 14, 2011 | By Becky Yerak
The cost of home insurance is expected to rise in 2011 for the third straight year. Premiums are likely to rise an average of 2% to 3%, according to the Insurance Information Institute, with coastal areas seeing the biggest increases. Hurricane losses have been low in recent years, but damage from rain and winter weather and higher prices for materials to repair homes have driven up costs. In turn, insurance premiums have been creeping up. For 2010, the average premium for home insurance policies rose about 1% to $807, the industry trade group said.
REAL ESTATE
June 23, 1985
At the conclusion of its first decade, Home Owners Warranty Corp. (HOW) President Robert J. Reid predicted that the home insurance firm will experience sound and stable growth in its second 10 years. "In HOW's first 10 years alone," he said, "1.36 million homes have been enrolled by HOW builders in our 10-year protection plan. More than 11,500 home builders now participate in HOW and account for one out of every four homes built in the United States.
CALIFORNIA | LOCAL
September 18, 1994
The recent article by Jill Bettner titled "Candidates Side With Policyholders," (Aug. 28) was interesting and informative. The concept that the banks and mortgage companies have the right to protect their financial interests in quake-damaged properties that are used to secure their loans is sound enough. What is unsound is that the lending institutions expect the homeowners to pay not only for their own protection but also for the protection of these same lending institutions. Consider a homeowner who puts 20% down on his home.
BUSINESS
March 20, 2011 | Kathy M. Kristof, Personal Finance
Japan's massive earthquake has created a surge of interest in quake insurance in a place more than 5,000 miles away ? California. "Earthquakes are clearly on the top of people's minds," said Glenn Pomeroy, chief executive of the California Earthquake Authority, a nonprofit group designed to make quake coverage available to any Californian who wants it. "The images coming out of Japan are surreal, and the news just keeps getting worse and...
CALIFORNIA | LOCAL
January 17, 2012 | By Dean Kuipers
Insurance companies don't care if you believe in climate change or not: Your premiums are going up anyhow. NPR reported Monday that home insurance premiums are going up across the board in response to the record number of tornadoes, floods, fires, blizzards and other heavy weather that hit the country in 2011. The piece features insurance executives at major firms such as Allstate and State Farm saying they are raising rates as much as 10%.  The president of the Insurance Information Institute, a New York-based industry association, says the weather caused about $35 billion of insured damages last year in the U.S. in events that caused a total of $70 billion in economic losses.
BUSINESS
March 20, 2011 | Kathy M. Kristof, Personal Finance
Japan's massive earthquake has created a surge of interest in quake insurance in a place more than 5,000 miles away ? California. "Earthquakes are clearly on the top of people's minds," said Glenn Pomeroy, chief executive of the California Earthquake Authority, a nonprofit group designed to make quake coverage available to any Californian who wants it. "The images coming out of Japan are surreal, and the news just keeps getting worse and...
BUSINESS
February 14, 2011 | By Becky Yerak
The cost of home insurance is expected to rise in 2011 for the third straight year. Premiums are likely to rise an average of 2% to 3%, according to the Insurance Information Institute, with coastal areas seeing the biggest increases. Hurricane losses have been low in recent years, but damage from rain and winter weather and higher prices for materials to repair homes have driven up costs. In turn, insurance premiums have been creeping up. For 2010, the average premium for home insurance policies rose about 1% to $807, the industry trade group said.
CALIFORNIA | LOCAL
November 18, 2008 | David Pierson, Pierson is a Times staff writer.
Once again, thousands of Southern Californians reeling from days of destructive wildfires have been forced to exercise the home insurance policies they hoped they would never have to use. That it comes at a time of global financial crisis raises a new set of questions: how healthy are the insurance companies that protect homeowners in a region continually battered by fires? And will the current economic climate result in higher premiums?
BUSINESS
August 3, 2007 | Marc Lifsher, Times Staff Writer
California hasn't suffered major earthquake damage since 1994 when the Northridge temblor's $44 billion in damages prompted a statewide insurance crisis. Fears grew of huge losses from inevitable catastrophic earthquakes, and within a year insurers were threatening to stop writing all home insurance, including earthquake policies.
BUSINESS
May 24, 2007 | Marc Lifsher, Times Staff Writer
Nearly 1 million customers of Allstate Corp. appear to be paying too much for home insurance and may get partial refunds, California Insurance Commissioner Steve Poizner said Wednesday. He ordered the insurance giant to face hearings this summer before an administrative law judge. If the judge and Poizner conclude that rates are excessive, the commissioner said he would seek refunds that could total millions of dollars. "I am drawing a line in the sand," Poizner said.
BUSINESS
August 4, 2006 | Marc Lifsher, Times Staff Writer
The state's fifth-largest homeowners' insurer, USAA, said Thursday that it would cut premiums by an average of 22% in the fall and save policyholders $55 million next year. The company's 182,000 California customers will see an average annual savings of as much as $381, according to the San Antonio-based company. "We all live on a budget, and it's our job to keep expenses down for our members," said John Wehrle, president of USAA's Property and Casualty group.
REAL ESTATE
August 7, 2005 | Michelle Hofmann, Special to The Times
Maria and Thomas Majcher had watched the June 7 high-speed pursuit for about 10 minutes when the familiar red garage door at the home of family friends Oscar and Edith Castellano appeared on the television screen. "Oh, my God, he just crashed into Oscar's house," Thomas Majcher said.
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