The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some California wildfire victims, calling her claims 'false.'
The insurance industry is pushing back after Vice President Kamala Harris suggested insurance companies have canceled the policies of victims of California's wildfires, calling her claim "false, wrong and dangerous.
Even before this week's wildfires hit, California was in the midst of an insurance crisis, with many residents unable to obtain homeowners insurance due to several carriers limiting their exposure in the state or pulling out completely in recent years because of heavy losses and the inability to adequately raise premiums or assess risk due to California's regulations.
Several other leading insurers, including All State, Farmers and USAA, have also in recent years curbed new policy applications in California as part of an effort to limit their exposure to policies that carry what they see as undue risk given what the state's regulators have allowed them to charge policyholders. Similar reasons of escalating risk, high repair costs and rising reinsurance premiums have been cited in those decisions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vice President Harris's Neighborhood Evacuated Amid California WildfiresThe Vice President's neighborhood in Los Angeles was evacuated due to the raging Palisades Fire. While the Vice President and the Second Gentleman were not home at the time, they are praying for the safety of Californians, first responders, and Secret Service personnel. President Biden also rescheduled his planned speech in California due to the ongoing wildfire situation and urged residents to heed local officials' warnings.
Read more »
Georgia Politicians, Vice President Harris React to Jimmy Carter's DeathThis news article reports on the reactions of Georgia politicians and Vice President Kamala Harris to the passing of former President Jimmy Carter. It highlights their tributes and reflections on Carter's life, legacy of service, and commitment to peace, democracy, and human rights.
Read more »
Harris swears in Republican Senate in final weeks of vice presidencyPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Harris to Certify Biden's Victory, Echoing Past Vice PresidentsVice President Kamala Harris is set to certify President Joe Biden's victory in the 2024 election, following the path of past vice presidents who lost their presidential bids but upheld democratic norms. Harris emphasized the peaceful transfer of power as a cornerstone of American democracy, contrasting it with authoritarian systems. Her role comes amidst ongoing concerns about former President Donald Trump's influence and his past attempts to overturn election results.
Read more »
Harris Becomes Third Vice President to Certify Own Election LossVice President Kamala Harris joined an exclusive club on Monday, becoming the third vice president in modern history to certify her own election defeat. As president of the Senate, Harris oversaw the certification of the Electoral College results, a responsibility that can create a unique dynamic for those who sought the presidency but lost. Historians note that this aspect of the Constitution wasn't a primary focus for the Founding Fathers.
Read more »
Harris Certifies Biden's Victory, Joining Rare Club of Vice PresidentsVice President Kamala Harris on Monday certified President Biden's electoral victory, making her the third vice president in modern history to oversee the process after losing a presidential bid. Historian Matt Dallek notes this constitutional quirk wasn't a primary concern of the founders, who focused more on issues like slavery and voting rights. Harris, following the precedent set by Richard Nixon in 1961, carried out the responsibility with grace, emphasizing the democratic values of accepting election results.
Read more »