July 19, 2013 |
Question: I've been president of our homeowners association for several years. We have fewer than 20 units and have managed to keep our HOA dues low at around $330 a month, mainly because we don't have earthquake insurance. We've saved a lot of money because we haven't paid for earthquake insurance for more than 15 years and have been very lucky. Do we have to get it? Answer: With one earthquake, your luck may run out. However, after 15 years of savings, and in the best interests of the association, the board should have been depositing those savings in an interest-bearing bank account.
September 28, 2003 |
Call it the California paradox: The most picturesque home sites are often the most perilous. Steep hillsides with sweeping views and tree-lined canyons may make the ideal house locale, but they also provide enough fuel-filled brush to torch a home within minutes during a wildfire. For the tens of thousands living in brush areas, the price of paradise comes with higher homeowner insurance premiums or substandard, piecemeal coverage.
January 5, 2011 |
According to the conventional wisdom that liberals accept climate change and conservatives don't, Kerry Emanuel is an oxymoron. Emanuel sees himself as a conservative. He believes marriage is between a man and a woman. He backs a strong military. He almost always votes Republican and admires Ronald Reagan. Emanuel is also a highly regarded professor of atmospheric science at MIT. And based on his work on hurricanes and the research of his peers, Emanuel has concluded that the scientific data show a powerful link between greenhouse gas emissions and climate change.
December 3, 1992
Winter storms and flash floods may seem like distant memories, but Mayor Robert Tanenbaum announced this week that the city has qualified all Beverly Hills homeowners, renters and businesses for low-cost flood and mud insurance through the National Flood Insurance Program. Federally subsidized flood insurance can be purchased from any property insurance agent licensed to conduct business in Beverly Hills.
February 10, 1989 |
The state Supreme Court said today that it will hear oral arguments March 7 on the constitutionality of Proposition 103, the initiative to cut insurance rates. Under its rules, the court must decide the case within 90 days after the hearing. Proposition 103, approved by state voters in November, requires that auto and property insurance rates be reduced 20% below November, 1987, levels and frozen until November, 1989, unless an insurer can show a substantial threat of insolvency.
May 12, 1994 |
Just how much is your insurance agent worth to you? That question is at the heart of a soon-to-be-decided legal battle between big insurance companies and a handful of California insurance agents who want to rebate their commissions openly. If the issue is ultimately decided in favor of the insurers, rebates could be much more difficult to find--eliminated by law or in practice.