Liability, Large Court Verdicts Drive Commercial Auto Insurance Price Surge
Posted: November 5, 2025
Commercial auto insurance companies continue to post steep losses for liabilities like third-party injuries and property damage, which is driving continued rate hikes for businesses, particularly fleet operators, according to a new report from A.M. Best. The line posted its 14th consecutive year of underwriting losses in 2024, with liability coverage alone accounting for $4.5 billion in red ink. Those losses were slightly offset by...
As Home Value Rises, So Does Coverage Complexity
Posted: October 21, 2025
The more your home is worth, the trickier it is to make sure that it and all of its contents are covered properly and that you are not paying too much premium. First off, a typical homeowner's insurance policy may not be suitable for your home. If you have a high-value estate with expensive furnishings, décor and collectibles, you will need specialized insurance to cover...
Wildfire Disclosure Rule for Home Sales Takes Effect
Posted: October 14, 2025
If you're selling a home in a high-risk wildfire area of California built before 2010, you now face stricter disclosure requirements under new rules that took effect this summer. The new rule requires sellers to tell buyers not only that the property is in a fire-prone zone, but also features that make the home more susceptible to wildfire and what steps they have taken to...
Ballot Initiative Seeks Repeal of Proposition 103, Overhaul of Insurance Regulations
Posted: October 7, 2025
An insurance agent has filed papers with the state of California to qualify an initiative for the 2026 election that would repeal Proposition 103, a landmark insurance measure that has tightly regulated property and auto insurance rates since 1989. Since 1989, Prop. 103 has required insurance companies to submit requests for rate changes to the California Department of Insurance (DOI). Under the law, the insurance...
Protect Your Guests from Slips, Trips and Falls
Posted: September 30, 2025
Accidents in the home don't just happen to the people who live there. Guests can slip on a wet floor, trip on a rug or fall on the steps outside. If they're injured, you could be held responsible for their medical bills and, in serious cases, face a lawsuit. That's why keeping your home safe and making sure your insurance limits are adequate is critical....