NEW YORK — 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 three non-renewal notices...
Buy, Lease or Subscribe to Add Solar Panels to Your Home
NEW YORK — Homeowners are clamoring to power through blackouts that have become a regrettably frequent part of life in California. The cost of solar panels and batteries has fallen. And a new California law will require all new homes to produce as much energy as they consume beginning in...
Judge OKs Nearly $25 Billion for PG&E Fire Victims, Insurers
SAN FRANCISCO — 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 utility into a financial morass. The decision...
California Insurers Drop Policies in High-Fire Risk Areas
SACRAMENTO — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say how many people who lost their insurance were able to purchase...
California Eyes Risk Pool as It Struggles with Costly Fires
SACRAMENTO — 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 new state catastrophe fund backed...