Homeowner's insurance

February 04, 2020 - 1:21 pm
SAN FRANCISCO (AP) — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles being put up by the state of California. U.S. Bankruptcy Judge Dennis Montali signed off...
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FILE - In this Oct. 27, 2019, file photo Woodbridge firefighter Joe Zurilgen passes a burning home as the Kincade Fire rages in Healdsburg, Calif. California's massive property insurance market is feeling the effects of three straight years of damaging wildfires. Insurers have pulled out of some markets and canceled thousands of policies, forcing regulators to step in and expand a state program that homeowners often turn to as a last resort. (AP Photo/Noah Berger, File)
December 24, 2019 - 2:11 pm
NEW YORK (AP) — Kent Michitsch seemed to be running out of traditional options to insure the home he’s lived in for more than 30 years northeast of San Diego as California’s massive property insurance market reels from three consecutive years of destructive wildfires. Michitsch, 57, has received...
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FILE - In this Dec. 5, 2017, file photo, an apartment complex burns as a wildfire rages in Ventura, Calif. More than a million California homes are now protected under a new law that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced Wednesday, Dec. 18, 2019. (AP Photo/Noah Berger, File)
December 18, 2019 - 8:31 pm
SACRAMENTO, Calif. (AP) — More than a million California homes are now protected under a new law that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced Wednesday. Insurance Commissioner Ricardo Lara issued a moratorium earlier...
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FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. Pacific Gas and Electric has reworked a $13.5 billion settlement with victims of deadly wildfires blamed on the utility to try to prevent it from unraveling after California Gov. Gavin Newsom rejected the company's financial rehabilitation plan. The revision discussed in a bankruptcy court hearing Tuesday, Dec. 17, 2019, removes a provision requiring Newsom to approve the deal as a key piece of PG&E's plan to emerge from bankruptcy protection by June 30. (AP Photo/Jeff Chiu, File)
December 17, 2019 - 9:01 pm
SAN FRANCISCO (AP) — A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation’s largest...
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In this Tuesday, July 2, 2019, photo, homeowner Clifton Hall, left, watches and helps volunteer Tom Poston, with Baptists On Mission, make repairs to Hall's home which was damaged by Hurricane Florence the year before, in Spring Lake, N.C. North Carolina hurricane survivors are frustrated with the slow spending of federal long-term housing recovery funds. (AP Photo/Gerry Broome)
July 25, 2019 - 10:54 am
SPRING LAKE, N.C. (AP) — The heating and air conditioning in Carrie Johnson's home — damaged by Hurricane Matthew in 2016 — still wasn't fixed when Hurricane Florence flooded her house last September. Now, her home of over 50 years is gutted, the flooring and walls nothing more than bare wooden...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
July 22, 2019 - 8:11 am
As a spokesperson for the insurance industry, Loretta Worters often gives tips to homeowners on preventing water damage. Some of her knowledge comes from personal experience. Worters says she had owned a home in Bellmore, New York, for only a month when she noticed the clothes washer in the...
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In this photo taken Wednesday, April 17, 2019 town manager Glenn Spivey crosses Jones Street in Trenton, N.C. Eight months after Hurricane Florence inundated North Carolina, communities such as Trenton illustrate the slow and uneven pace of recovery. (AP Photo/Gerry Broome)
June 22, 2019 - 12:03 pm
TRENTON, N.C. (AP) — Nine months after Hurricane Florence inundated much of eastern North Carolina, the tiny town of Trenton is still struggling to rebuild as a new hurricane season begins. The Jones County courthouse and jail have yet to reopen. Judges hear cases in county office buildings and...
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FILE- This Dec. 3, 2018, file photo shows homes leveled by the Camp Fire line the Ridgewood Mobile Home Park retirement community in Paradise, Calif. Insurance claims for California's deadly November 2018 wildfires have topped $12 billion. That makes them the most expensive series of fires in state history. The number released Wednesday May 8, 2019 by Insurance Commissioner Ricardo Lara covers the fire that destroyed the Northern California town of Paradise and two Southern California fires. Most of the damages relate to the Paradise fire, which killed 85 people and destroyed nearly 19,000 buildings. (AP Photo/Noah Berger, File)
May 08, 2019 - 6:35 pm
SACRAMENTO, Calif. (AP) — Insurance claims have topped $12 billion for the November wildfires in California, making them the most expensive in state history. The figure released Wednesday by Insurance Commissioner Ricardo Lara covers the fire that largely destroyed the town of Paradise and two...
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FILE - In this Nov. 9, 2018 file photo, firefighter Jose Corona sprays water as flames from the Camp Fire consume a home in Magalia, Calif. The massively expensive wildfires in 2017-2018 have prompted the creation of a five-member board, that met Wednesday April 3, 2019, to continue to consider who should pay for the increasingly destructive and costly wildfires. (AP Photo/Noah Berger, File)
April 03, 2019 - 8:11 pm
SACRAMENTO, Calif. (AP) — Officials were struggling Wednesday to find ways for homeowners to afford insurance in fire-prone areas of California and for utilities to survive liability from devastating wildfires that threaten to worsen with climate change. One option on the table is the creation of a...
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January 11, 2019 - 8:28 am
The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse. Also, it could mean financial hardship for some federal...
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