Tag archives: homeowners insurance

Wildfire Risks Heating Up Homeowners Insurance Market
By Sharon Byrne   |   July 26, 2022

Last week was a big week for Montecito and California in homeowners insurance. At our Board Meeting, we hosted the California Department of Insurance and agents from Brown & Brown and Bridgepoint, who are finding policies for Montecitans. A Little Background After the Thomas Fire of December 2017, and the deadly Debris Flow, an emergency […]

Who Can Fix California’s Homeowners Insurance Woes? Insurance Commissioner Race Heats Up
By Sharon Byrne   |   April 26, 2022

Things are getting hotter regarding California homeowners insurance, and threat of wildfire is just one factor. Insurance Commissioner Ricardo Lara is up for reelection this year and at least one candidate is laying out a viable case to replace him.  Last week, former California Insurance Commissioner Steve Poizner (2007-2011) ran an op-ed in the Los […]

Montecito Association Meets
By Kelly Mahan Herrick   |   November 16, 2021

At this month’s Montecito Association Board of Directors meeting, Santa Barbara County Sheriff Lieutenant Butch Arnoldi reported that Pierre Lafond Market in the Upper Village was broken into earlier this week, in a similar fashion as a burglary that occurred in July. Both glass doors were broken, and suspects removed cash registers and quickly fled […]

Volatility in Homeowners Insurance Market Continues Amid Another Unprecedented Fire Season
By Sharon Byrne   |   August 5, 2021

Rate hikes, non-renewals, and cancellations of homeowners insurance have been hot topics for the past three years, and Montecito’s issues on this front trend with problems statewide.  Here’s a quick recap: 2019 March: Montecito homeowners get notices of non-renewal. They struggle to find replacement policies, with price shocks — up to 10 times what they […]

To Re-build or Not?
By Bob Hazard   |   May 24, 2018

Mark your calendars for June 11, 2018. That’s the expected date for the public release of the Federal Emergency Management Agency (FEMA) Flood Recovery Maps for Montecito. The map release will mark a critical milepost in making the rebuilding decisions that will shape the future character of Montecito for the next 50 years.  FEMA Recovery […]

Who Says the King Can Do No Wrong? Finding More Ways to Recover Losses
By Steven A. Blum   |   February 22, 2018

When I returned to Glen Oaks after the evacuation, I was still stunned by the physical and emotional devastation as neighbors mourn the loss of friends, relatives, their homes, and nature itself. Even as we begin to pick up the pieces, the weather forecast promised rain which turned out to be sprinkles not a storm. […]

Troubled Waters: Surface Water Law and the Montecito Floods
By Steven A. Blum   |   February 8, 2018

In last week’s issue of The Montecito Journal, I explained that if the facts show a fire, covered by a typical homeowners’ insurance policy, was the “efficient proximate cause” of a later mudslide, then mudslide damage could be covered under a homeowners’ insurance policy. On January 29, California insurance commissioner Dave Jones adopted the same […]

Business Interruption Insurance – Recovering it All
By Matthew Bourhis   |   February 8, 2018

Jeannine’s is my favorite breakfast spot in Montecito. Grab a coffee, have a seat outside, and do a little people-watching while you wait for pancakes. It makes for a delightful morning. That’s why it’s upsetting to me, and many others, that Jeannine’s may be facing some tough insurance challenges due to the recent debris flow. […]