From wildfires to floods, the past few years have brought a historic number of devastating climate and weather events to the United States. In 2023 alone, there were 28 individual weather-related disasters that caused at least $1 billion in damages each.1 These events triggered a huge influx of home insurance claims, and analysts expect the […]
Articles about Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity that provides insurance is known as an insurer, an insurance company, an insurance carrier, or an underwriter.
A person or entity who buys insurance is known as an insured or as a policyholder.
The insurance transaction involves the insured assuming a guaranteed and known - relatively small - loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss.
The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
A Homeowners Guide to Home Insurance
Does Your Insurance Cover That? No one likes to think about disasters. But here in California, we have more than our share. Severe weather, fire, theft—or even a seemingly small issue like a broken pipe—can wreak havoc on your home and result in thousands of dollars in damages. Fortunately, a good homeowners insurance policy can offer […]
FEMA and the Flood Insurance Fiasco
On March 21, 2014, President Obama signed the Homeowner Flood Insurance Affordability Act of 2014 into law. This bill provides much-needed relief for property owners in flood zones not only in the Delta region but across the country. Under the new bill, 1) sales will no longer trigger immediate premium increases, and 2) properties that […]
