California, State Farm and wildfire
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California Insurance Commissioner Ricardo Lara is proposing new coverage plans to lure companies back to the state.
Jeffrey Carvalho told ABC 7 that clients were calling him upset after getting home policy cancellation letters when they did not, in fact, ask for their Farmers home insurance to be canceled. He says at least 1,000 cases of these questionable cancellations have gone out — mostly to his clients ages 65 and older.
Eight California homeowners allege USAA has been systematically underestimating the replacement cost of their homes despite saying they were adequately insured.
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