Increasingly large and dangerous wildfires are being driven by the effects of climate change and more building in the wildland-urban interface, and while that notion may not be entirely new, the scope of the increase laid out on Thursday by …
California Insurance Commissioner Ricardo Lara announced new regulations he believes will improve wildfire safety and drive down the cost of insurance for homeowners and businesses. The proposed regulations, which could be in effect by this summer, call for insurance companies …
California Insurance Commissioner Ricardo Lara and emergency management leaders in Gov. Gavin Newsom’s Administration on Monday announced “Safer from Wildfires,” an insurance framework that incorporates wildfire safety measures while intending to make homes and businesses more resilient. “Safer from Wildfires” …
Destructive and costly wildfires in the western U.S. over the past several years are driving efforts to better understand wildfire risk, ways to more effectively prevent and mitigate wildfires, and approaches to insuring against wildfire risk exposures, according to a …
Assemblyman Marc Levine, D-Marin County, on Thursday introduced legislation designed to require mandatory issuance of homeowners’ insurance and establish a grant program to harden residential properties in areas prone to wildfires. Assembly Bill 1755 would require an insurance provider licensed …
The California FAIR Plan on Tuesday began offering basic property insurance for farmers unable to obtain coverage from traditional insurance carriers. The new coverage fills a gap in California’s insurance marketplace as more farmers experienced policy nonrenewals due to increasing …
Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation’s largest utility remains too dangerous to trust after years of devastation from wildfires ignited by its outdated equipment and neglectful management. The …
Pacific Gas & Electric power lines sparked last summer’s Dixie Fire in Northern California that swept through five counties and burned more than 1,300 homes and other buildings, state fire officials said Tuesday. The blaze was caused by a tree …
Wildfires dominated headlines once again in Insurance Journal’s West region. Stories on wildfires in California, as well as efforts to aid homeowners affected by the fallout of several years of severe drought and massive wildfires, were among the most read …
The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the statewide reduction in non-renewals, according to a …
