California REALTORS® call on HUD and new Administration to make reinstatement of FHA insurance...
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the announcement by the U.S. Department of Housing and Urban Development (HUD) that the Federal Housing Administration (FHA) will indefinitely suspend a recently announced cut in its annual mortgage insurance premium
IBHS and California Fair Plan Association Wildland Fire Summit
The Insurance Institute for Business & Home Safety (IBHS), the California Fair Plan Association, AonBenfield Company and Renaissance Re sponsored a California Executive Summit on Wildland Fire October 5-6 in Los Angeles.
Royce Pushes for Private Flood Insurance Coverage
U.S. Representative Ed Royce (R-Calif.) made remarks on the floor of the House of Representatives in support of H.R. 2901, the Flood Insurance Market Parity and Modernization Act
Pacific Northwest and California Wildfires: PCI Urges Residents to Seek Safety and Contact Insurers
With wildfires raging across ten Northwestern states and California, the Property Casualty Insurers Association of America (PCI) is encouraging residents asked to evacuate to save receipts for expenses incurred and contact their insurance companies as soon as possible to begin receiving assistance if their home is damaged
Tens of millions invested in California’s underserved communities brings jobs, housing and neighborhood revitalizatio
Insurance Commissioner Dave Jones hosted the California Organized Investment Network (COIN) Summit today where he emphasized the importance of increasing insurance company investments in California communities, particularly in low income communities where insurer investments through the Department of Insurance's COIN program can help create more jobs, affordable housing, community centers, schools, health clinics and otherwise help to revitalize neighborhoods and communities
Rep. Royce Pushes MTW Extension for San Bernardino County
U.S. Representative Ed Royce (R-Chino Hills) questioned Principal Deputy Assistant Secretary Lourdes Castro Ramirez of the U.S. Department of Housing and Urban Development's (HUD) Office of Public and Indian Housing on an extension of the Housing Authority of the County of San Bernardino's Moving to Work (MTW) program at today's Housing and Insurance Subcommittee hearing entitled “The Future of Housing in America: Oversight of HUD’s Public and Indian Housing Programs.”
Obstacles and best practices to obtaining good homeowners insurance
It is never too early for buyers to speak with their REALTOR® and an insurance agent about insuring a property. Most mortgage lenders require that buyers obtain proof of homeowners insurance before they approve a loan on a property.
Statement by Congressman John Garamendi on King v. Burwell Supreme Court Case on Affordable...
Congressman John Garamendi (D-Fairfield, CA), who served as California’s elected Insurance Commissioner for eight years, released the following statement in response to the Supreme Court’s 6-3 decision in the case of King v. Burwell
New online tool helps consumers shop for home and renter insurance
As the state marks Wildfire Awareness Week, Insurance Commissioner Dave Jones has launched a new online coverage comparison tool to help California consumers shop for homeowner, condominium owner and renter insurance by allowing them to compare coverage features offered by a variety of insurers
Intercontinental Real Estate Corporation and MG Properties Group Complete Largest Multifamily Acquisition in...
Intercontinental Real Estate Corporation (“Intercontinental”), a national real estate investment, development, and management firm headquartered in Boston, MA, and MG Properties Group (“MG”), a private San Diego-based real estate investor and operator, have announced their acquisition of the Madison Park Apartments in Anaheim, California. At 768 units, this is the largest single property by number of units to be purchased in Southern California since 2013. The price was not disclosed
Congressman Garamendi Supports Homeowner Flood Insurance Affordability Act
WASHINGTON, D.C. - March 6, 2014 - (RealEstateRama) -- Last night, Congressman John Garamendi (D-Fairfield, CA), who served as California’s State Insurance Commissioner for eight years, voted for and spoke in favor of the Homeowner Flood Insurance Affordability Act, which passed the House of Representatives on a bipartisan vote of 306-91. The legislation addresses an unintended and serious problem stemming from the Biggert-Waters Flood Insurance Reform Act of 2012: unreasonably high and immediate increases in flood insurance rates.
Building Inspection Division High Rating Results in Lower Insurance Rates
Woodland, CA - October 22, 2013 - (RealEstateRama) -- This summer, the Building Inspection Services Division of the Yolo County Planning & Public Works Department was surveyed by the Insurance Service Office (ISO) Building Code Effectiveness Grading Schedule. The survey resulted in a Building Code Effectiveness Grading Classification of 2 – a high rating – for its commercial and residential properties codes and inspections.
Congressman Garamendi Advocates for Affordable Flood Insurance at Bipartisan Congressional Meeting
WASHINGTON, D.C. - October 10, 2013 - (RealEstateRama) -- Today, Congressman John Garamendi (D-Fairfield, CA), who served as California’s Insurance Commissioner for eight years, spoke during a bipartisan meeting of Members of Congress focused on responsible strategies to ensure affordability in flood insurance reform. Garamendi called for an immediate delay to impending flood insurance rate hikes caused by new flood risk maps produced by the Federal Emergency Management Agency (FEMA). Garamendi’s Congressional District includes approximately 200 miles of the Sacramento River.
Insurance Commissioner Jones reminds Clover Fire evacuees that certain living expenses may be reimbursed...
REDDING, CA - September 25, 2013 - (RealEstateRama) -- The California Department of Insurance (CDI) is currently tracking evacuations due to wildfires in the state, including the recovery efforts after the Clover Firenear Redding that left 68 residences destroyed, five damaged and the death of 56-year-old Brian Stanley Henry that remains under investigation. Insurance Commissioner Dave Jones is reminding wildfire evacuees that they may be eligible for reimbursement for additional living expenses due to mandatory evacuations.
Insurance Commissioner Jones reminds Rim Fire evacuees that certain living expenses may be reimbursed...
TUOLUMNE, CA - August 27, 2013 - (RealEstateRama) -- The California Department of Insurance is currently tracking evacuations due to wildfires in the state, including the Rim Fire in Yosemite. Insurance Commissioner Dave Jones is reminding wildfire evacuees that they may be eligible for reimbursement for additional living expenses due to mandatory evacuations.
Powerhouse wildfire evacuees may have certain living expenses reimbursed from homeowners’ insurance coverage during...
LOS ANGELES, CA - June 4, 2013 - (RealEstateRama) -- The California Department of Insurance (CDI) is currently tracking evacuations due to wildfires in the state, including the Powerhouse fire near Palmdale. Insurance Commissioner Dave Jones is reminding wildfire evacuees that they may be eligible for reimbursement for additional living expenses due to mandatory evacuations.
Insurance Commissioner Dave Jones reminds evacuees of Southland wildfires that living expenses may be...
CAMARILLO - May 7, 2013 - (RealEstateRama) -- The California Department of Insurance (CDI) is currently monitoring several wildfires in the state, including the Springs Fire in Ventura County and the Summit Fire in Riverside County. Insurance Commissioner Dave Jones is reminding fire evacuees that they may be eligible for reimbursement for additional living expenses (ALE) due to mandatory evacuations.
Annuity and home refinance scam cause homeowners’ foreclosure
LOS ANGELES, CA - March 19, 2013 - (RealEstateRama) -- The California Department of Insurance (CDI) announced today that Harold John Shields of Hawthorne, CA, 57, was extradited from Houston, Texas on March 7, 2013 and booked in the Century Sheriff Station in Lynwood, CA. The suspect has been arraigned and charged with two felony counts of grand theft and two felony counts of theft from elder. Shields is being held on $500,000 bail.
Department of Insurance announces $160 million in savings with homeowner insurance rate reductions –...
SAN FRANCISCO, CA - February 7, 2013 - (RealEstateRama) -- Insurance Commissioner Dave Jones today announced an average of 8.5 percent insurance rate reduction for San Francisco area homeowners insured with State Farm General Insurance Company. The reduction will result in an average annual savings of $100 for homeowners statewide.
Congresswoman Matsui Introduces Legislation to Allow Homeowners in a Flood Zone to Rebuild Following...
WASHINGTON, D.C. - November 30, 2012 - (RealEstateRama) -- Today, Congresswoman Doris Matsui (D-CA) introduced legislation to help homeowners who live in FEMA Special Flood Hazard Areas and whose homes have sustained major damage from a fire or other unforeseen event to rebuild their homes. The Fire Damaged Home Rebuilding Act of 2012 would amend the National Flood Insurance Act of 1968 to require FEMA to create a waiver process to consider on a case-by-case basis allowing these homeowners to rebuild their homes without elevation requirements, while ensuring their flood insurance costs remained the same as their neighbors.
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