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Insurance

Does Your Homeowners Policy Cover Wildfires?

Does Your Homeowners Policy Cover Wildfires?

Seeing coverage of recent wildfires that swept through expensive homes in Laguna Niguel, California and elsewhere, consumers may wonder whether their homeowners insurance protects them against such disasters. The unfortunate truth is that the risk of catastrophic wildfires is growing as climate change dries out much of the West, as

Is Your Homeowners Policy Keeping Up With Inflation?

Is Your Homeowners Policy Keeping Up With Inflation?

Inflation drives up the cost of everything – gas and food and also building supplies. And the robust job market drives up labor costs. Add all of that up and it may mean your homeowners policy is no longer up to the task. A new survey of more than 1,000

Tesla Insurance Claims Experience Will be a 'Dream,' Musk Pledges

Tesla Insurance Claims Experience Will be a 'Dream,' Musk Pledges

Billionaire multitasker Elon Musk has been in the news for his takeover of Twitter, a little utility that is perhaps nice to have but not exactly necessary. Car insurance, on the other hand, is necessary and Musk is also setting out to reform – or perhaps, disrupt – it. As with all

Home-Based Businesses Need Beefed-Up Insurance Coverage

Home-Based Businesses Need Beefed-Up Insurance Coverage

Everybody knows the stories about Silicon Valley bazillionaires who started out working in their garage. Nice stories but setting up a business in your home isn’t as easy as shoving a desk into the guest room and hoping for the best. There’s insurance for one thing. Businesses face

California Outlawing Gas-Powered Leaf Blowers, Lawn Mowers

California Outlawing Gas-Powered Leaf Blowers, Lawn Mowers

A few years ago, the rather chic little city of Palm Springs, California, banned gas-powered leaf blowers, bringing relief to residents tired of the ear-splitting din and noxious fumes emitted by the infernal gadgets. The move was seen as the sort of thing that only a wealthy little resort town

Car Insurance Rates Produced Windfall Profits During the Pandemic

Car Insurance Rates Produced Windfall Profits During the Pandemic

Auto insurance companies made windfall profits of at least $29 billion in 2020 despite their promise to reduce rates as consumers drove less during the pandemic. Insurers provided $13 billion in premium relief while pocketing $42 billion in excessive premiums, according to a study by the Consumer Federation of America

Consumers Largely Sought No Relief in Car Insurance Costs During the Pandemic

Consumers Largely Sought No Relief in Car Insurance Costs During the Pandemic

Millions of Americans stayed home from work, school and social outings during the pandemic, and so did their cars. But even as their cars sat idle — and therefore not likely to be involved in an accident — more than half took no action to reduce their insurance cost, a new survey