homeowners insurance News

Bill Advances in New Mexico to Gird Against Climate Crises

A legislative panel advanced a bill this week that would help local governments plan in advance for climate-related threats to public health such as wildfires, flooding, extreme heat and rapid erosion. The initiative from Democratic state Sen. Liz Stefanics of …

Uncertainty Over Whether Frontline’s KBRA Rating Will Be Accepted by Freddie Mac

Frontline Insurance Co. has sparked confusion and concern from agents and insureds after the carrier last week sent out differing information about its financial rating agency. The potential good news for agents and policyholders: Freddie Mac, the quasi-government corporation that …

Few Homeowners Have Flood Insurance in Soaked California

On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of his rural mobile …

$930M to Curb Western U.S. Wildfires Crisis

The U.S. is directing $930 million toward reducing wildfire dangers in 10 western states by clearing trees and underbrush from national forests, the Biden administration announced Thursday, as officials struggle to contain destructive infernos that are being made worse by …

Insurers Agree to Extend ALE Coverage for Colorado Wildfire Survivors

Insurers agreed to a request from the Colorado Division of Insurance to extend additional living expenses coverage for Marshall Fire survivors. Homeowners’ insurance companies have agreed to extend coverage for up to 24 months for policyholders that only had 12 …

Are More Tiny Homes the Answer to Orlando Area’s Housing Crisis?

Orange County planners outlined a variety of strategies Tuesday for county commissioners to consider as the board searches for answers to boost lagging home construction, considered to be at the root of the region’s deepening housing crisis. One solution may …

California Weather Calms But Storm Damage Seen as Extensive

California’s weather was calmer this week after weeks of atmospheric rivers that slammed the state with damaging rains, wind and surf that flooded homes, highways and farm fields, collapsed hillsides and toppled countless trees. Tallying the damage will take time, …

3D Printing Reaches New Heights With Two-Story Home

A 3D printer is taking home building to a new level — literally. The enormous printer weighing more than 12 tons is creating what is believed to be the first 3D-printed, two-story home in the United States. The machine steadily …

Tackling Threat of Mudslides in Rain Soaked California

Relentless storms from a series of atmospheric rivers have saturated the steep mountains and bald hillsides scarred from wildfires along much of California’s long coastline, causing hundreds of landslides this month. So far the debris has mostly blocked roads and …

Iconic Tree Canopy in California Turns Destructive in Storms

On a good day, the sun shines in California’s capital city – and elms, pines, oaks and hundreds of other tree varieties fill Sacramento’s parks and line streets, fortifying the city’s reputation as the “City of Trees.” But on a …