To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s Investor Service. The rating agency said insurers have been “raising …
Oregon remains poised to see a potentially “challenging” wildfire season this summer, despite a wet and cool spring in much of western Oregon, one of the state’s top fire watchers said Monday. The rain and snow have helped to push …
Firefighters have been able to slow the growth of a massive wildfire burning in the mountains of northeastern New Mexico as they prepared Wednesday for another round of red-flag weather that has the potential to push the flames through more …
Lightning sparked a few new small fires in the drought-stricken Southwest Monday but the thunderstorms brought welcome rain to the monster blaze that’s been churning for a month in New Mexico and is now the state’s largest in recorded history. …
Newly released data from CoreLogic show the Coastal Fire in California has burned at least 20 homes in the Orange County community of Laguna Niguel. The estimated reconstruction cost value is $530 million for the area presently threatened by the …
The largest wildfire in the U.S. was spreading toward mountain resort towns in northern New Mexico, prompting officials to issue another set of warnings for more people to evacuate. Meanwhile, a wildfire that erupted Wednesday afternoon in coastal Southern California …
Many homes near America’s largest wildfire survived the latest barrage of howling winds and erratic flames but New Mexico’s governor said Tuesday the risk of more destruction is high and that the long-term costs of recovering from the massive blaze …
As summer approaches forecasters say Central Oregon has the highest fire risk of anywhere in the state. Oregon Public Broadcasting reports the latest fire season outlook, released this week by the National Interagency Fire Center, shows above-normal fire risk running …
A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure their insurance coverage is keeping pace with …
First quarter 2022 insurance premiums earned grew 6.5% to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three months of 2021. CEO Tom Wilson said …
