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Report: Over 1,000 Properties Affected by New Mexico Wildfires to Cost $370M
Jun 27 2024 // More than 1,000 residential properties in New Mexico may have been damaged or destroyed by wildfires in New Mexico, according to property data firm CoreLogic. “Multiple, active wildfires in south-central New Mexico...
Containment Grows on Wildfire Near Site of Most Destructive Blaze in California History
Jun 26 2024 // Residents of a California are near the town of Paradise, the site of the state’s most destructive wildfire in history, were ordered to evacuate and roads were closed this week as a wildfire spread. The Apache Fire in...
Eastern Canada Wildfire Forces Evacuation of Hydro Plant Workers
Jun 26 2024 // A wildfire in an eastern Canadian province moved closer to a huge power plant on Tuesday, forcing the evacuation of workers from a nearby town, officials said. “So (this is) very concerning,” Newfoundland and...
Washington Commissioner Asks Insurers to Extend Additional Living Expenses for Wildfire Victims
Jun 26 2024 // Washington Insurance Commissioner Mike Kreidler is asking insurers to extend the additional living expenses benefit for wildfire victims who are nearing their 12-month limit on that coverage. Many policies that include...
Velocity Risk Partners with LSU to Develop Gulf Coast Hurricane Model
Jun 25 2024 // Velocity HoldCo, the parent company for Velocity Risk Underwriters, announced a joint venture with Louisiana State University (LSU) on a Gulf Coast-central hurricane model. The model uses daily data to predict US hurricane...
Wildfire Threats Make Utilities Uninsurable in US West
Jun 25 2024 // Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in...
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