November 6, 2017
A California utility expects costs to be as much as $200 million for restoring power after last month’s devastating wildfires. The San Francisco Chronicle reported Friday that Pacific Gas & Electric Co. chief Jason Wells told investors he will seek …
November 1, 2017
California’s deadliest wildfires have also destroyed an irreplaceable collection of Silicon Valley history. The Santa Rosa Press Democrat reported that more than 100 boxes of letters and other materials from tech pioneers William Hewlett and David Packard burned in the …
October 31, 2017
The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data …
October 27, 2017
Insured losses from the siege of California wildfires could possibly reach $8 billion, according to new estimates released on Friday by catastrophe modeler RMS. The firm now estimates the insured loss for the wildfires impacting Sonoma, Napa, Solano, Lake and …
October 24, 2017
The risk of wildfires will spike as triple-digit temperatures blanket parts of Southern California early this week. The California Department of Forestry and Fire Protection says red flag warnings are in effect through Wednesday from Santa Barbara to San Diego …
October 23, 2017
Although still burning, the largest fires that have devastated California wine country are mostly contained, and winemakers, winery owners, and growers began taking stock this week of what they have—and haven’t—lost. The numbers are numbing: at least 42 dead, nearly …
October 20, 2017
Rebuilding the Northern California areas devastated by wildfire will be a long-term effort, and insurers say they will be there to help their affected policyholders get back on their feet. Tens of thousands of evacuees began making their way home …
October 19, 2017
Insurance Commissioner Dave Jones today released preliminary data provided by eight California insurers processing claims for tens of thousands of policyholders that shows $1.045 billion in losses to commercial and residential structures, personal and commercial vehicles and agricultural equipment. The …
October 16, 2017
Moody’s released a report on Monday assessing the impact of the wildfires in California on property/casualty insurers. “Based on history and the number of structures damaged, insured losses will run into the billions of dollars, a credit negative,” the report …
October 16, 2017
PG&E Corp. at the end of last week capped its worst week in nine years on speculation that downed power lines may have played a role in deadly wildfires raging across California. And the rout is far from over. After …