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REAL ESTATE
November 28, 2004 | Jeff Bertolucci, Special to The Times
Underinsured homes. Ever-rising premiums. Stealth changes. Intrusive satellite inspections. Blacklists of homeowners who have filed multiple claims. Policy cancellations. These are a few of the gripes that homeowners, consumer advocates and lawmakers are voicing over the state of homeowners insurance in California and across the nation.
ARTICLES BY DATE
CALIFORNIA | LOCAL
February 16, 2014 | By Maura Dolan
SAN FRANCISCO - Jessica Manosa was 20 when she decided to throw a party at an unoccupied rental home her parents owned - without their permission. Word of the bash in Diamond Bar spread by text message, and many who showed up did not even know Manosa, according to court records. They drank liquor, danced and got drunk. One of the partygoers was asked to leave after he began dropping his pants while dancing. As he drove away, he ran over another inebriated guest, a 19-year-old student, killing him. Now the grieving family wants to hold Manosa - via her parents and their homeowners insurance - liable for his death.
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NEWS
March 31, 1995 | JUDY PASTERNAK, TIMES STAFF WRITER
U.S. Atty. Gen. Janet Reno announced on Thursday a landmark settlement in a homeowners' insurance redlining case filed on behalf of this city's African American homeowners against American Family Mutual Insurance Co. American Family was alleged to have offered inferior coverage to blacks compared to the policies available to whites and to have avoided prospective clients who are black.
NEWS
December 13, 2013 | By Karin Klein
It was a little strange altogether - considering that the overriding issue this week in the L.A. County Sheriff's Department was its abominable treatment of inmates in its jails - to note that Sheriff Lee Baca felt he needed to leave his personal stamp on the case of a group of miscreant teenagers. About 100 teens are thought to have broken into a vacant La Habra Heights mansion for a wild party, and 16 of them have been charged with looting the place of pretty much anything that could be carried, including designer suits and a mounted snow leopard valued at $250,000.
CALIFORNIA | LOCAL
August 11, 1994
Hurray for Benjamin Zycher, a lonely voice telling it like it is again in his column "Misguided Policies--Then the Earthquake," Commentary, July 27. He is absolutely correct, tying earthquake coverage to homeowners insurance works only as long as homeowners is a profitable line of business and the earthquakes are small. However, there is much more to the availability problem in the homeowners line of business in California than just the Northridge earthquake. The California insurance industry has not made a profit in the homeowners line since 1989.
NEWS
January 1, 1988
The State of California Dept. of Insurance, Consumer Affairs Division recently released the results of its first "Comparative Premimum Survey On Homeowners Insurance," based on rates effective in July 1987. The statewide study was designed to show annual premiums for three rating examples: a typical 45-year-old home, a 25-year-old home and a newer home with higher value.
BUSINESS
June 22, 1993
Homeowners and renters insurance prices have risen only slightly in the last year, Insurance Commissioner John Garamendi said in releasing the department's annual survey of the state's largest insurers. In Los Angeles and Orange counties, for example, the average price among the state's 10 largest insurers for a $150,000 homeowners policy on a frame house built in 1985 was $516, up $3 from a year earlier.
REAL ESTATE
October 19, 2003
A recovering economy and healthier profits for property/casualty insurers are easing the tight market for homeowners insurance nationwide, but securing a policy is still a challenge for home buyers. A recent report card on the first half of 2003 by the Insurance Information Institute, a nonprofit group funded by insurers, shows a "remarkable turnaround" in the industry, with underwriting losses declining 95% from a record $52 billion in 2001 to just $4 billion to $6 billion this year.
NEWS
December 15, 1987 | KENNETH REICH, Times Staff Writer
The first price survey of homeowners' insurance in California was released Monday by the state Insurance Department and, as with auto insurance, the lesson to consumers was clear: It pays to shop around. In homeowners' insurance, the price differences between ZIP codes and between companies within the same ZIP code tend to be less than in auto insurance.
BUSINESS
May 5, 2002 | KATHY M. KRISTOF, TIMES STAFF WRITER
A steep rise in dog-bite incidents--including the notorious San Francisco case in which a lacrosse coach was killed by her neighbor's dogs--has spurred homeowner insurers to reconsider how they cover canines. Mercury Casualty Co., citing higher claims costs for households with dogs, recently began offering a 10% discount on homeowners insurance for families that don't own a dog or are willing to take their dog off their homeowner policy.
BUSINESS
November 17, 2013 | By Stuart Pfeifer
Opinions about Mercury General Corp. often depend on whether they're coming from investors or consumers. The Los Angeles automobile and homeowner insurance company has been at the center of repeated attempts to amend California's landmark Proposition 103, which made automobile insurance a more regulated industry. For more than a decade, Mercury's founder and chairman, George Joseph, has clashed repeatedly with consumer advocate Harvey Rosenfield, author of the landmark proposition, before the California Department of Insurance, the courts, the Legislature and on the ballot.
CALIFORNIA | LOCAL
September 24, 2013 | By Joseph Serna and Kate Mather
An uncle and grandmother of a 2-year-old boy mauled to death by a group of pit bull-mix dogs in Colton could eventually be charged with murder, police said Tuesday. Marco Zamudio, 23, and Eustulia Zamudio, 42, were arrested on suspicion of child endangerment resulting in death hours after 2-year-old Samuel Zamudio, of Rialto, was attacked Monday afternoon in a backyard in Colton by five dogs, described as pit bull mixes. Marco was responsible for taking care of his nephew at the time, said Colton police Det. Ray Mendez. Eustulia was the homeowner and the dogs belonged to her, he said.
BUSINESS
May 13, 2013 | By Walter Hamilton
Many Americans are confused about the basic elements of homeowner insurance policies, according to a new study. More than four in 10 people wrongly think that the policies cover mold damage and 73% don't realize that the policies do cover personal items that are stolen from a car, according to the poll by InsuranceQuotes.com. Perhaps most dangerous for anyone in California, 51% are unaware that earthquake coverage is not covered by standard homeowner policies, the study found.
BUSINESS
March 5, 2013 | By Marc Lifsher, Los Angeles Times
SACRAMENTO - State regulators have ordered Mercury General Corp. to cut its homeowners insurance rates by 8.2%, instead of the increase in premiums that the company had sought. As a result, the Los Angeles insurer is contesting the ruling in court. The rate cut was announced by California Insurance Commissioner Dave Jones. "The rate reduction provided for in this decision would offer much-needed financial relief for homeowners and would no doubt help consumers keep more of their hard-earned dollars in today's tight economy," Jones said in a statement Tuesday.
BUSINESS
February 10, 2013 | Liz Weston, Money Talk
Dear Liz: My boyfriend is deployed. I have his power of attorney, and during his deployment I have paid off all of his credit card debt. The accounts now need to be closed because they are ones that were acquired with his former wife. I know you say that it will hurt his credit to close accounts, but I'd rather close them because they're tied to his ex. Answer: If the former wife is a joint account holder on the cards, they should have been closed and the balances transferred to other credit cards in his name only before the divorce was final.
OPINION
September 4, 2012 | By Jeffrey Miron
In the Obama campaign's attack on the Romney-Ryan proposal to "voucherize" Medicare, one accusation is that the plan would force seniors to pay more of their healthcare costs: about $6,400 more per beneficiary, according to a recent TV ad known as "Facts. " Regardless of the "facts" in the ad, this attack takes as a given that any such outcome is undesirable. Yet asking seniors to pay substantially more is precisely the way to improve Medicare. Here's why. The purpose of insurance is to protect against large, unforeseeable expenses.
BUSINESS
November 7, 1995 | Ron Galperin
Companies representing 95% of the market have either stopped or restricted the sale of new homeowner policies, according to the California Department of Insurance. Most of the companies that are still writing new policies have severely limited their activity in the San Fernando Valley and Ventura County because of earthquake risks. And local real estate agents report that they are having trouble closing deals because of the insurance shortage.
CALIFORNIA | LOCAL
July 19, 1994
Buying home insurance, which used to be a pretty simple proposition for most people, has suddenly become complex. Many homeowners have discovered since last fall's brush fires and January's Northridge earthquake that the coverage they had--or thought they had--before those disasters was inadequate.
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