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Michael Molcsan/CalMattersJane Kim declares victory in the insurance commissioner race, which could signal big changes for California’s insurance market. -
Jae C. Hong/AP PhotoCalifornia homeowners are finding it increasingly hard to locate affordable home insurance, or even an insurer willing to sell them a policy at all. The two Democrats running for state insurance commissioner offer differing approaches to the growing crisis.
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In November, California voters will choose who oversees one of the biggest insurance markets in the world. -
Hundreds of thousands of people have turned to the state’s “insurer of last resort” in recent years as wildfires grow larger and more devastating. The FAIR Plan is reportedly planning to raise its rates an average of 30% this fall.
