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California Wants to Impose Insurance Surcharge to Develop Emergency Fund

The California Senate Banking, Finance and Insurance Committee has passed a bill that, among other things, would impose a surcharge of 4.8 percent on commercial and residential fire and multiperil insurance policies to assist the state with the creation of an Emergency Response Fund in the State Treasury.

California has already established the California Emergency Management Agency to manage emergency and disaster response services, including activities necessary to prevent, respond to, recover from and mitigate the effects of emergencies and disasters to people and property. SB 1258 would require funds to be deposited into the Emergency Response Fund to be allocated to the program. The bill would also require the Secretary of California Emergency Management to allocate funds to specific entities to enhance or sustain fire and rescue disaster mutual aid capacity to combat the effect of all hazard disasters, according to the bill text.

The special purpose surcharge imposed on insurers would apply to all policies with combined property and liability coverage issued or renewed on or after July 1, 2010.

The Governor’s office estimates the surcharge will generate $238 million in the current year, and about $480 million annually from 2011 on.

The bill is scheduled to be heard in the Senate Appropriations Committee.

Source: California Legislature

Steve Hirschler
DRE#01703081
Associate, The Tim Wood Group
Coldwell Banker
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
stevehirschler@gmail.com
909 866-3481 EXT. 217 CELL 909 725-5889
Fax 909 866-3531
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April 29, 2010 Posted by | big bear, Big Bear Market, Big Bear Real Estate | | Leave a comment

Castle Glen, Fox Farm Area of Big Bear

Updated 4/18/2010

One of the nicest areas in Big Bear Lake is Castle Glen. There are 21 homes that are available currently. Prices and interest rates are down.  Sellers are motivated.

Current Active Listings in Castle Glen Area

ML # Price Address Bd Baths SF Apx Ttl
2100646 575,000 42851 TIMBERLINE 3 2 1980
2100134 699,000 389 GLENWOOD DR 3 2 2135
292585 799,000 354 GLENWOOD 4 3.5 3018
2100065 850,000 400 STARLIGHT CIRCLE 4 3.5 3366
2100260 879,000 42714 TIMBERLINE 4 4.5 3053
2100628 899,000 42348 EAGLE RIDGE DRIVE 4 2.5 3256
2100282 899,000 42756 TIMBERLINE TRAIL 4 3 3694
290854 899,000 388 SUNRISE 5 3 2512
2100573 925,000 42399 GOLDEN OAK 4 2.5 3572
292234 949,000 447 WINDSONG PL 4 3.5 3300
292307 1,099,000 42530 PEGASUS WAY 4 2.5 3177
2100028 1,150,000 42685 EDGEHILL PLACE 4 4.5 4200
292452 1,150,000 42669 TIMBERLINE TRAIL 4 4.5 4042
292562 1,325,000 371 STARLIGHT 6 4.5 5700
292387 1,395,000 488 STARLIGHT CIRCLE 4 3 2977
270743 1,499,000 42402 GOLDEN OAK 4 4.5 4850
291994 1,599,000 383 SPRINGHILL PLACE 5 3.5 3500
2100405 1,899,000 373 STARLIGHT CIRCLE 5 7 5900
282165 1,999,500 438 STARLIGHT CIRCLE 4 3.5 4500
291295 2,245,000 426 STARLIGHT CIRCLE 4 4.5 4200
290835 6,600,000 42500 PEGASUS WAY 5 6 6500

Pending Escrows in Castle Glen

St ML # Price Address Bd Baths SF Apx Ttl
AC 2100198 474,900 361 FALLEN LEAF ROAD 3 2 2138
AC 2100183 499,900 384 STARLIGHT CIRCLE 3 2 1875
U 290750 600,000 365 FAWN TRAIL 4 3.5 3225
U 2100212 604,800 402 GLENWOOD 4 3 3819
U 290824 675,000 42384 EAGLE RIDGE DR 4 3.5 3700
AC 291233 799,900 42359 GOLDEN OAK RD. 4 3.5 4028

Sold YTD in Castle Glen

ML # Price Address Bd Baths SF Apx Ttl Sold Price Sold Date
282342 550,000 42311 EAGLE RIDGE 3 2 2500 538,000 2/24/10
292574 764,800 323 STARLIGHT 4 3.5 3458 745,000 2/24/10
292025 1,250,000 222 ORION 4 5 4300 1,250,000 3/4/10

Search the Big Bear MLS (Multiple Listing Service)

Search the Southern California MLS  (Multiple Listing Service)

I can show you any home for sale in Big Bear.

Steve Hirschler

Associate, The Tim Wood Group

Coldwell Banker Mountain Gallery

42153 Big Bear Blvd.

P.O. BOX 6820

Big Bear Lake, CA 92315

stevehirschler@gmail.com

909 866-3481 EXT. 217 CELL 909 725-5889

Fax 909 866-3531

http://www.stevesellsbigbear.com

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February 21, 2010 Posted by | big bear, Big Bear Real Estate, Big Bear Real Estate Market, Castle Glen | , , | Leave a comment