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california flooding

Higher premiums leave fewer dollars for mortgage payments

by Vera Ward
Higher premiums leave fewer dollars for mortgage payments

By Nadia Lopez and Paige Smith | Bloomberg California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges …

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Are homeowners getting insurance breaks for wildfire protection measures?

by Vera Ward
Are homeowners getting insurance breaks for wildfire protection measures?

The CZU Lightning Complex wildfire that burned through the Santa Cruz Mountains in late summer 2020 was a wakeup call for Frank Bäuerle. He wasted no time fireproofing his Ben …

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California home insurance exodus pushes state’s last-resort backup plan toward insolvency

by Vera Ward
California home insurance exodus pushes state’s last-resort backup plan toward insolvency

As home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing number of properties that have lost …

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The vast majority of California flood victims’ losses won’t be covered by insurance

by Vera Ward
The vast majority of California flood victims’ losses won’t be covered by insurance

By Chris Isidore | CNN New York – Many victims of the massive storms now battering California about are to be hit with another heartbreak – discovering their insurance won’t …

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Pajaro, Watsonville flood victims file lawsuit against multiple agencies

by Vera Ward
Pajaro, Watsonville flood victims file lawsuit against multiple agencies

PAJARO — More than 500 residents and business owners have filed a lawsuit against Monterey and Santa Cruz counties, as well as various other agencies and municipalities, alleging that all …

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