California homeowners might soon get some relief. On Friday, the state’s Department of Insurance announced that it has been given permission to make important changes to help stabilize the insurance market. These changes are in response to growing challenges, such as increasing wildfire risks and insurance companies pulling back on coverage. New Tools for Insurance…

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Insurers in California have started declining to provide insurance or renew coverage for community associations in the state, citing significant losses resulting from natural disasters. However, this issue isn’t unique to California, as condo and HOA (homeowners’ association) insurers across the nation are becoming cautious and increasing their rates. Here’s what you should be aware…

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