can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. can vivimed labs limited (532660) maintain its valuation - Free Investment Community ✌️【Expert Advice】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no longer would.

“I know I’m not supposed to be here, but this is my parents’ home and they just lost — they got canceled from their fire insurance. So they’re dealing with this,” she told 【 - Free Investment Community 】 affiliateKABC. “They’ve lived in this house for 75 years and they’ve had the same insurance and these insurance people decided to cancel their fire insurance.”

Levin-Guzman and her parents’ experience is increasingly common. Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance. That includes 531,000 in Los Angeles County, wherefires are currently raging.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. Some of those policies were not renewed by homeowners, according to an insurance industry trade group. But most of those policies were canceled by the insurers.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Expert guidance on stock market trends and real-time updates on stock indices, futures, and exchange rates. Make well-informed decisions and plan the best investment strategies for capital growth. The issue has continued to build over the past several years, State Insurance Commissioner Ricardo Lara and consumer groups say. Insurers in California have been refusing to write new policies in areas they consider to be at high risk for wildfires, which is a large percentage of the state.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Precise stock market trend analysis with expert insights into global markets, including stock indices, metals, and energy sectors. Leverage our data-driven predictions to maximize your returns. The rising threat of wildfires, and insurance companies pulling back on offering coverage in the large swaths of California at risk for these devastating disasters, has become a crisis for homeowners throughout the state. And while the state has recently taken steps to address the issue, those new rules are sparking their own criticism because of the increased costs to homeowners that could accompany them.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. The problem of canceled policies has forced some homeowners to go without fire insurance or to use a program set up by the state — but without taxpayer support — called the California FAIR plan. Those policies have higher premiums than traditional private insurance and less coverage, often requiring homeowners to buy additional “wrap around” coverage at an even higher cost.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. Although FAIR is supposed to be a last-resort insurance provider, demand for its policies has skyrocketed. Its exposure for dwellings as of September was up 61% to $458 billion from just a year earlier, and triple where it stood only four years ago. Its exposure for commercial policies has risen even faster, nearly doubling to $26.6 billion as of September, and up 464% in the last four years.

California FAIR tried to assure worried homeowners that it would be able to handle the claims that this week’s massive fires will produce.

“The FAIR Plan, which is primarily a catastrophe insurer, is prepared for this and is actively serving customers who have made claims,” it said in a statement Wednesday. “The FAIR Plan has payment mechanisms in place, including reinsurance, to ensure all covered claims are paid.”

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. No matter the financial condition of FAIR after these fires, homeowners will almost certainly foot the bill in the form of higher premiums. One way or another, it will probably become even more expensive to live in California.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. To give California homeowners in high-risk areas an alternative to California FAIR, the California Department of Insurance just announced new regulations two weeks ago designed to get private insurers to start writing policies in fire-prone parts of the state. The policy is designed to get private insurers to take back much of the coverage now handled by California FAIR.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. The rules will require that insurers need to write policies in fire-prone areas equal to at least 85% of their market share throughout the state.

But the policy also gives insurers one thing they’ve been seeking for years: the ability to factor in the cost of reinsurance policies, which are policies they buy from other firms to spread their risk, as part of their rate calculations. California has been the only state that didn’t allow the cost of reinsurance to be part of the rate calculations. Reinsurance has been rising due to both the risks posed by climate change and the increasing cost of claims due to inflation raising the price of labor, lumber and other raw materials.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. So the rates that private insurers charge is very likely to increase as a result of this new policy.

“We are being realistic about the risks in California,” Lara told 【 - Free Investment Community 】 Wednesday. “We can never get to affordability unless we address the availability.”

But Lara’s new policy has been harshly criticized by Consumer Watchdog, a nonprofit, nonpartisan Consumer Advocacy Group that focuses on the insurance market in California. It estimates that insurance rates could rise 40% to 50% as a result of the change, an estimate that Lara disputes. It points to rate hikes of 25% or more approved by the state for many of the major national insurers, such as State Farm, Farmers and Allstate in just the last 13 months.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. And the group says there are too many problems with the new rule that will allow insurers to still avoid residents in fire-prone areas who need the insurance the most.

“This new policy is guaranteeing higher rates but not necessarily access to coverage,” said Carmen Balber, executive director of Consumer Watchdog. “The commissioner has granted the insurance industry what it wants. There are so many loopholes and lack of teeth in the rule that homeowners won’t see expanded coverage for a very long time, if at all.”

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The Insurance Information Institute, an insurance industry trade group, says it supports the new rules, arguing it is the best solution for allowing its members to insure the fire-prone part of the market that needs fire insurance the most. While the industry’s own stats show that it has been profitable in California in recent years, it said massive losses in 2017 and 2018 caused by the wildfires more than wiped out a decade worth of profit. And it says their costs continue to rise, requiring the increase in insurance premiums.

“We have seen the cost of reinsurance has been going up due to climate risk and also inflation,” said Janet Ruiz, spokesperson for III. California is the only state that hasn’t allowed the cost of reinsurance to be factored in to rates, she said.

Lara said as some of the homeowners who have been forced onto FAIR plan are able to find private insurance once again, their premiums could fall, even if those insurers’ rates are higher than they used to be because the cost of reinsurance is now calculated into their rate.

“This will set premiums fairly for consumers,” he said. “The cost for insurance has skyrocketed. Inflation is even more of a factor than climate change. You have to take in mind.”

But Consumer Watchdog said that the industry has been profitable in California, even without these rules and should be required to write policies for those who have lost coverage without the change in rate calculations.

Despite what insurers claim, she said, “the insurance industry is not on the verge of catastrophe in California.”

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Investment Community 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

can vivimed labs limited (532660) maintain its valuation ✌️【Expert Advice】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions.