Why some Canadian insurance companies are bringing in a wildfire tactical team

Why some Canadian insurance companies are bringing in a wildfire tactical team

When Joelle Fraser-McGaghey had to evacuate her home during the 2016 Fort McMurray wildfire, she only had a few minutes to pack before her family had to get out the door. Trying to pull outdoor furniture away from her house was not at the top of her list. “Honestly, I’m not thinking ‘Should I remove … Read more

State Farm Threatens to Abandon California If They Can’t Raise Prices: 52% For Renters, 30% For Homeowners

State Farm Threatens to Abandon California If They Can’t Raise Prices: 52% For Renters, 30% For Homeowners

California’s largest insurer, State Farm, recently notified California’s Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state’s ongoing insurance crisis as coverage costs increase. Several insurers, such as Allstate, Farmers Direct, and State Farm, have … Read more

12% Americans Don’t Have Home Insurance: Why More Homeowners Don’t Think The Rising Prices Are Worth It

12% Americans Don’t Have Home Insurance: Why More Homeowners Don’t Think The Rising Prices Are Worth It

Retired high school teacher Anjali Teirra, aged 58, has lived in her three-bedroom house without homeowners insurance since 2019. She initially took out a policy for her home in the Tehachapi Mountains of southern California in late 2018, which cost her under $100 monthly in premiums. This was affordable and provided peace of mind, especially … Read more