California to discuss new regulations for homeowner's insurance

The state of California on Tuesday will take steps to try to stabilize the market for homeowner’s insurance after a major carrier announced it will stop insuring thousands. Bob Redell reports.

Stay connected:

Catch up on all the day's news:

Download our mobile app:

Watch us on OTT:

[dsucvrv]

That means give the insurance companies more power to write their own check regarding profits!

[CourtneyNielsen]

I made a claim through State Farm for some water damage and somehow a $3000 1 month repair became a $28000 year long repair due to the way the contractors they employ do their work. State Farm should check that first. They’re getting ripped off by contractors causing extra damage, at least at my house.

[NormanSilv]

California needs a REAL INSURANCE COMMISSIONER

[NewYork]

My insurance premiums went up 20%, though I work at home.😢

[ropro]

Company crying poor while they made billion dollar profits... where have I heard this before... Oh yeah, PG&E. 😒

[FrankyWarrior-zzbi]

California requires insurance by law, companies are not insuring. What are people supposed to do?

[benjaminzamora]

I just realized my home insurance went almost double

[ItsMclovin_]

Had our family business shop broken into. Made a claim then insurance company cancelled our policy and when we tried to “renew” it went up by double !

[madbug]

My umbrella policy went up 20% with State Farm. WTF?

[rcamacho]

Insurance companies are fucking mafia with license.

[Michelle-bwxg]

My home insurance is up ~50% and car over 90% due to insurers leaving CA and having to find a new policy. Not living in a flood/fire zone.

[williamryan]

One of the Big issues was the state issuing building permits in proven high risk area of the state for residential building that have no escape roads or fire suppression departments.They allowed the area in Mark West to be rebult even thogh it has suffered more than one firestorm The Fountain grove area burned multiple times and even forbidden to issue permits was allowed to be built on, The Sierra foothills now saturated with homes yet not equipped to deal with fire and tinder dry during the summer. Healdburg and Lake Sonoma now has huge houses on the ridge tops and Mill creek just a couple years ago caught fire and was out of control, another area lacking in any substantial fire protection.When is enough enough?

[San_Francisco_Downtown_Watcher]

home owners' insurance rise 50%, guess what? You rent will increase 100% next month.

[ronaldmcdonald]

I asked CA Senator Josh Becker what he is doing about the insurance issue
Two months ago.
Confused response from his office
Net/Net: no response

[FrankGallagherr]

Who wants to see Newsom gone and never seen again

[plantsplantz]

Chris Paul in a Golden State Warrior jersey be like "like a good neighbor State Farm is here"😂😂😂😂

[DavidDLee]

0:01 It's like an optical illusion of how tall the guy is, only it's not.

[peterbedford]

Look at house prices in fire areas of the country side.. Not good For them

[lin]

Make state farm pay if they want to come back to CA.

[alexi]

State Farm is not a fair insurancer, people constantly find State Farm not wanting approve claims even when a household never made a claim in decades. State Farm CEO makes over 300 thousand dollars a year