homeowners insurance News

Firefighters Increase Containment on Colorado Wildfire

A wildfire south of Boulder that forced nearly 20,000 people to flee was listed at 35% contained by Sunday afternoon and most evacuations had been lifted, officials with Boulder Fire-Rescue said. The fire, which ignited Saturday, burned to within 1,000 …

Actuaries: Climate Change, WUI Building Led to Worsening Wildfires in U.S. and California

Increasingly large and dangerous wildfires are being driven by the effects of climate change and more building in the wildland-urban interface, and while that notion may not be entirely new, the scope of the increase laid out on Thursday by …

New Hampshire Directs Federal Funds to Help Homeowners Pay Mortgage, Insurance

A new, federally funded program will provide relief to eligible homeowners struggling to pay their mortgage, property taxes, utility bills, and other costs during the coronavirus pandemic, New Hampshire authorities said Friday. The New Hampshire Homeowner Assistance Fund will offer …

APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners Lines

US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property Casualty Insurance Association said Friday. APCIA said private property …

‘No Contest’ Plea Doesn’t Trigger Criminal Exclusion in Home Policy: Connecticut Court

An insured’s plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy governed by state law, the Connecticut Supreme Court recently ruled. A federal court asked the state’s high court to …

Nevada Utility to Inspect Power Lines Near 2020 Reno Wildfire

Nevada’s largest utility plans to inspect power lines near a Reno neighborhood where a 2020 wildfire destroyed five homes and damaged two dozen others, a blaze that investigators blamed on arching power lines in gale force winds along the Sierra’s …

Colorado Wildfire Victims Hitting ‘Green’ Building Code Hurdle

Some homeowners recovering from Colorado’s most destructive wildfire in history, which decimated entire neighborhoods near Denver late last year, say they could end up paying tens of thousands of dollars more to rebuild because of environmentally sustainable construction standards passed …

Oregon Getting $262M in Wildfire Recovery Funding

The U.S. Forest Service in Oregon will receive more than $262 million in federal disaster funding to help with wildfire recovery. Oregon Public Broadcasting reported the money is part of a $1.1 billion disaster assistance bill that passed last year …

Judge Deals Blow to California FAIR Plan’s Efforts to Stay Insurance Commissioner’s Order

A judge has denied a request a preliminary injunction to halt the enforcement of an order from California Insurance Commissioner Ricardo Lara that the California FAIR Plan Association offer an expanded homeowners insurance plan. The FAIR Plan had appealed a …

Researcher Seeks Answers to Question: How Does A Town Rebuild After a Wildfire?

Three months after the most destructive fire in California’s history, the residents of Paradise were sifting through the rubble of their houses, moving out of shelters and into less temporary but not permanent housing, considering the future of their home. …