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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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 |
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)
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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
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