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SACRAMENTO, Calif. - California homeowners and renters now have more options to protect themselves from the financial devastation caused by a flooding with Insurance Commissioner Dave Jones' approval of a new private flood insurance product provided by American National Property and Casualty Co.
"Flood insurance may be the only product that stands between you and a crippling financial loss," said Insurance Commissioner Dave Jones. "California communities have been ravaged by historic floods. I urge consumers to consider flood insurance to protect their most valuable assets."
American National's flood insurance program is a new entry into the private flood insurance market in California and does not replace the National Flood Insurance Program, which currently provides the majority of flood coverage written in the state.
This new residential private flood insurance program offers consumers a number of coverage features, including residential building property, personal property or contents, debris removal, and additional living expenses (ALE) or lost rents. The policy term is 12 months.
"Providing consumers with more choices may lead more residents to consider flood coverage," added Jones. "Many areas of California are subject to flooding from severe storms or heavy rains. I encourage more insurers to consider entering this market."
Last October the department approved a private flood insurance product by Homeowners Choice Property and Casualty Insurance Company. Homeowners Choice also covers residential building property, personal property or contents, debris removal, and ALE. The company is offering limited policies to homeowners and renters whose properties have had no flood claims in the last six years.
Commissioner Jones encourages consumers to prepare for potential disaster by using their smartphone to record a home inventory, catalog their belongings and store them in their cloud account.
Residents should also consider scanning deeds, insurance policies and other important documents and store them in their cloud for easy access.
The department has a number of resources to help consumers with insurance coverage or claim questions.
Consumers with questions or needing assistance should call the consumer hotline at 800-927-4357.
"Flood insurance may be the only product that stands between you and a crippling financial loss," said Insurance Commissioner Dave Jones. "California communities have been ravaged by historic floods. I urge consumers to consider flood insurance to protect their most valuable assets."
American National's flood insurance program is a new entry into the private flood insurance market in California and does not replace the National Flood Insurance Program, which currently provides the majority of flood coverage written in the state.
This new residential private flood insurance program offers consumers a number of coverage features, including residential building property, personal property or contents, debris removal, and additional living expenses (ALE) or lost rents. The policy term is 12 months.
"Providing consumers with more choices may lead more residents to consider flood coverage," added Jones. "Many areas of California are subject to flooding from severe storms or heavy rains. I encourage more insurers to consider entering this market."
Last October the department approved a private flood insurance product by Homeowners Choice Property and Casualty Insurance Company. Homeowners Choice also covers residential building property, personal property or contents, debris removal, and ALE. The company is offering limited policies to homeowners and renters whose properties have had no flood claims in the last six years.
Commissioner Jones encourages consumers to prepare for potential disaster by using their smartphone to record a home inventory, catalog their belongings and store them in their cloud account.
Residents should also consider scanning deeds, insurance policies and other important documents and store them in their cloud for easy access.
The department has a number of resources to help consumers with insurance coverage or claim questions.
Consumers with questions or needing assistance should call the consumer hotline at 800-927-4357.
- Details
- Written by: Editor
NAPA, Calif. – On Tuesday, the Workforce Alliance of the North Bay, Wells Fargo and Pacific Gas and Electric announced the first round of Innovation Fund grantees.
Selected through a competitive application and review process, the grantees are the Marin County Office of Education, the Marin Economic Forum, Napa Health and Human Services, the Napa Hospitality Industry Partnership, the Marin Small Business Development Center and the Napa-Sonoma Small Business Development Center.
Projects funded by the grants include virtual/augmented reality training for businesses and students at the Marinovation Learning Center; support for businesses and individuals affected by the October 2017 wildfires; and efforts to outreach to and engage businesses to further the goals of economic and workforce development.
Applicants to the Innovation Fund identified a challenge or gap that if successfully addressed, would significantly “move the needle” on employment and/or business productivity.
Projects had to address a challenge that the workforce system is facing in increasing opportunity, effectiveness, and/or scale in addressing the training, placement, or advancement of career seekers and/or the advancement of key industry sectors in terms of business expansion or layoff aversion.
“We are very pleased that this private/public partnership is allowing us to bring resources to the North Bay and fund projects which will enhance the economic vitality of our region.” said Damon Connolly, chair of the Workforce Alliance of the North Bay Governing Board and Marin County Supervisor.
A total of $207,300 in Innovation Fund grants will support the grantees’ efforts.
The awards allow the projects to utilize an additional $172,830 in resources, for a total investment of $380,130.
Innovation Fund recipient Mary Jane Burke, the superintendent of the Marin County Office of Education added, “We are thrilled to have the opportunity to offer this innovative program to both high school students and community members who are seeking to improve their professional skills. As we focus on our workforce development program in schools, this program will provide people with the most current technical skills in a variety of fields from building 3D models in virtual reality to using 360-degree video. Students will come away with skills that will launch them into future careers.”
“Wells Fargo invested in the Innovation Fund at its inception because supporting small businesses and developing our workforce will help build stronger communities,” said Thomas Sands, Wells Fargo’s region bank president for Northern California.
Selected through a competitive application and review process, the grantees are the Marin County Office of Education, the Marin Economic Forum, Napa Health and Human Services, the Napa Hospitality Industry Partnership, the Marin Small Business Development Center and the Napa-Sonoma Small Business Development Center.
Projects funded by the grants include virtual/augmented reality training for businesses and students at the Marinovation Learning Center; support for businesses and individuals affected by the October 2017 wildfires; and efforts to outreach to and engage businesses to further the goals of economic and workforce development.
Applicants to the Innovation Fund identified a challenge or gap that if successfully addressed, would significantly “move the needle” on employment and/or business productivity.
Projects had to address a challenge that the workforce system is facing in increasing opportunity, effectiveness, and/or scale in addressing the training, placement, or advancement of career seekers and/or the advancement of key industry sectors in terms of business expansion or layoff aversion.
“We are very pleased that this private/public partnership is allowing us to bring resources to the North Bay and fund projects which will enhance the economic vitality of our region.” said Damon Connolly, chair of the Workforce Alliance of the North Bay Governing Board and Marin County Supervisor.
A total of $207,300 in Innovation Fund grants will support the grantees’ efforts.
The awards allow the projects to utilize an additional $172,830 in resources, for a total investment of $380,130.
Innovation Fund recipient Mary Jane Burke, the superintendent of the Marin County Office of Education added, “We are thrilled to have the opportunity to offer this innovative program to both high school students and community members who are seeking to improve their professional skills. As we focus on our workforce development program in schools, this program will provide people with the most current technical skills in a variety of fields from building 3D models in virtual reality to using 360-degree video. Students will come away with skills that will launch them into future careers.”
“Wells Fargo invested in the Innovation Fund at its inception because supporting small businesses and developing our workforce will help build stronger communities,” said Thomas Sands, Wells Fargo’s region bank president for Northern California.
- Details
- Written by: Editor
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