homeowners insurance News

Firefighters Slow Growth of Massive California Blaze Near Yosemite

Firefighters have significantly slowed the spread of a huge wildfire burning in a forest near Yosemite National Park that burned 55 homes and other buildings and forced thousands from their homes, officials said Monday. “It was a successful day for …

Alaska Experiencing Wildfires It’s Never Seen Before

Alaska is burning this year in ways rarely or ever seen, from the largest wildfire in a typically mainly fireproof southwest region to a pair of blazes that ripped through forests and produced smoke that blew hundreds of miles to …

Evacuation Order for Alaska Wildfire Lifted Near Anderson

An evacuation order for about 65 residents of a subdivision near the community of Anderson has been lifted, Denali Borough Mayor Clay Walker said. The evacuation order went into place June 28 because of the Clear wildfire burning near Anderson. …

Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm

With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing and underwriting actions. But improvement in the auto line …

California Insurance Commissioner Issues Year Moratorium on Cancellations, Non-Renewals Following Wildfires

California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage for more than 85,000 policyholders affected by fires in Santa Barbara County and Monterey County after Gov. Gavin Newsom issued emergency declarations this month. The commissioner’s bulletin …

Home Insurance Prices Increase Faster Than Inflation Rate: Policygenius

According to analysis by insurtech Policygenius, home insurance premiums are rising faster than inflation From May 2021 to May 2022, the price of goods and services increased 8.6% in the U.S. In the same time period, home insurance costs outpaced …

Rain Helps Slow Alaska Wildfire That Prompted Evacuations

Some rain helped firefighters battling an Alaska wildfire that prompted evacuations. About a half inch fell into early Monday, allowing crews to build more fire breaks to help control the wildfire started by lightning June 21. “It’s not really like …

$1.7M Committed for New Mexico Bridge Repair, Flood Mitigation

New Mexico Gov. Michelle Lujan Grisham said the state is committing $1.7 million to repair a collapsed bridge in Roswell and implement additional flood mitigation strategies in the area. Lujan Grisham made the announcement Saturday next to the damaged bridge …

Porch Group’s Homeowners Insurance Enters Delaware, Its 19th State

Home services firm Porch Group announced the expansion of its homeowners insurance services, Homeowners of America (HOA), to Delaware, its 19th state. Porch Group is a Seattle-based, technology platform that provides software and services to home services companies including home …

Evacuations for Communities Near California Forest Fire

Evacuation orders were expanded Tuesday for remote California communities near a wildfire that may have been sparked by fireworks or a barbecue on the Fourth of July in a mountainous region that’s a top tourism destination. The Electra Fire in …