homeowners insurance News

California Governor Acting to Advance Wildfire Recovery

California Gov. Gavin Newsom proclaimed states of emergency in Santa Barbara and Monterey counties on Friday to help the process of recovery from recent wildfires. The proclamations allow the California Department of Transportation to request immediate federal assistance for highway …

Northern California Wildfire Threatens 500 Buildings

A wildfire that erupted in Northern California forced evacuations as it threatened about 500 homes and other buildings, authorities said. The Rices Fire erupted at around 2 p.m. near the Yuba River in Nevada County and had spread to more …

P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P

For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. “We expect that growth rates in the commercial lines will pull back from …

New Mexico Superintendent of Insurance, Insurer Group Urge Passage of Hermit’s Peak Fire Assistance Act

New Mexico Superintendent of Insurance Russell Toal and American Property Casualty Insurance Association President and CEO David A. Sampson are urging Congress to act quickly to pass the Hermit’s Peak Fire Assistance Act so residents impacted by the fire have …

California Insurer’s Efforts to Keep Workers and Help During Pandemic Led to Viable New Business

In the annals of how the pandemic changed things, toss in a positive tale from insurer CSAA Insurance Group. Walnut Creek, California-based CSAA, a AAA Insurer, offers automobile, homeowners and other personal lines of insurance to AAA Members through AAA …

More Federal Wildfire Recovery Aid Available For New Mexico

U.S. President Joe Biden authorized an increase in funding for debris removal and other emergency measures being taken as a result of a historic wildfire season in New Mexico that stemmed partly from missteps by federal forest managers in starting …

Some Western U.S. Cities Nixing July 4 Fireworks over Fire Dangers, Shortages

The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year – some over wildfire concerns amid dry weather and others because …

How to Lower Home Insurance Premiums and Wildfire Risks

Homeowners in the US got new guidance to help them defend against increasingly frequent wildfires and associated rising insurance premiums. The Insurance Institute for Business & Home Safety, a research nonprofit funded by insurers, announced it has developed the first …

Idaho Gearing up for Wildfire Season with Bolstered Crews

Cooler and wetter weather this spring has alleviated drought concerns in much of Idaho but spurred grass growth that could cause large rangeland wildfires in the southern part of the state as plants dry out this summer, wildfire forecasters told …

Massive New Mexico Wildfire Blamed on Miscalculations, Errors

U.S. Forest Service employees made multiple miscalculations, used inaccurate models and underestimated how dry conditions were in the Southwest, causing a planned burn to reduce the threat of wildfires to explode into the largest blaze in New Mexico’s recorded history, …