Just days after another hurricane smashed through part of Florida, another property and casualty insurer has been approved for the state, providing more evidence that 2022 legislative limits on litigation are having a desired effect. “I think investors’ appetites have …
The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in California’s Homeowners Insurance Market,” provides background and recommendations …
Californians know wildfires and earthquakes; hurricanes, not so much. So when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed just how exposed homeowners are to a growing financial risk from unpredictable climate-driven flooding. Standard homeowners insurance …
JACKSONVILLE, Fla. (AP) — A 12-year-old boy was struck and killed by a car Friday morning in Florida after a dog chased him into the street, authorities said. The boy and his younger brother had been walking on a sidewalk …
Fire investigators have determined that a natural gas explosion destroyed Tennessee Titans cornerback Caleb Farley’s North Carolina home, killing the NFL player’s father and injuring a family friend, officials announced Tuesday. It wasn`t clear where the gas leak originated, and …
Hawaii’s electric utility acknowledged its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained and leaving the scene, only to have a second wildfire break out nearby and become the deadliest in the …
While wildfire search and rescue efforts continued in Maui, a group of CoreLogic experts gathered online last week to discuss the island’s road to recovery through an insurance lens. Panelists analyzed the disaster’s uncertain billion-dollar price tag as well as …
Hawaiian Electric HE.N said the lawsuit filed against it by the county of Maui was “factually and legally irresponsible,” pointing to the county’s responsibility in the Hawaii wildfires. The company’s shares jumped 30.2% to $12.58 in premarket trading. The stock …
Health insurance. Dental insurance. Accidental death and dismemberment. Why not homeowners insurance as an employee benefit? That’s exactly what Darren Wood is thinking. Wood is the founder and chief product officer at Recoop Disaster Insurance, which is now in 42 …
Washington state Insurance Commissioner Mike Kreidler issued an emergency order requiring all property/casualty insurers to provide additional protections for policyholders impacted by the Gray and Oregon Road fires. The emergency order was made possible by Gov. Jay Inslee’s emergency declaration. …
