Two insurers cutting back in California. Is Washington next?
Two major insurers that stopped issuing new homeowners policies in California are showing no signs of doing the same in Washington, for now. State Farm General Insurance Co. last month ceased accepting new applications, saying the decision was due to “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure and a challenging reinsurance […]
Consumer complaints pile up against home and auto insurers
If you live in Washington and have had recent frustrations with your home or auto insurer, you’re not alone. Insurance Commissioner Mike Kreidler’s office has logged a “historic volume of complaints” since 2021 and plans to hold a workshop next month to gather more information on what’s behind the surge. The Office of the Insurance […]