California

California ordered home insurers to maintain coverage during the next year for 750,000 customers in four counties ravaged by wildfires that are still burning east of Los Angeles.

A bill would allow the California Infrastructure and Economic Development Bank to issue debt for California's FAIR Plan, its property insurer of last resort.

The rate hike, which will take effect from November, will impact about 350,000 policyholders across California.

OpenAI is opposing a bill in California that would place new safety requirements on artificial intelligence companies, joining a chorus of tech leaders and politicians who have recently come out against the controversial legislation.

The California Department of Insurance, responding to consumer advocate groups' criticisms, issued a plan that its commissioner says will keep rate increases in check.

California and Oregon are experiencing yet another record-setting year of wildfires amid increasing uncertainty about FEMA and property insurance backstops.

While insurers like State Farm General Insurance Co. and Allstate Corp. are retreating to avoid costly fire damage claims, Delos is going all in.

California's lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the U.S.

California, rushing to halt an exodus of property insurers fleeing wildfire risk, has designated regions of the state where companies will be required to provide coverage in exchange for new industry-friendly regulations.

Municipal analysts have been tracking the challenges faced by home insurers in California and other states plagued with extreme weather events as a harbinger of credit risk.