homeowners insurance News

Oregon Wildfire Burns More than 476 Square Miles

Erratic winds and dry lightning added to the dangers for crews battling the nation’s largest wildfire over the weekend in parched Oregon forests, just one of dozens burning across several Western states. The destructive Bootleg Fire, one of the largest …

Largest Wildfire in Oregon Prompts New Evacuations

Firefighters are scrambling to control a raging wildfire in southeastern Oregon that’s spreading miles a day in windy conditions, one of numerous conflagrations across the U.S. West that are straining resources. Authorities ordered a new round of evacuations Thursday amid …

Pandemic Part of a Perfect Storm for Insurers, Homeowners Bracing for Bad Wildfire Season

A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance rates and availability for homeowners …

Wildfires Burning Homes, Land Across 10 States in West

Wildfires that torched homes and forced thousands to evacuate burned across 10 parched Western states, and the largest, in Oregon, threatened a portion of California’s power supply. Nearly 60 wildfires tore through bone-dry timber and brush from Alaska to Wyoming, …

California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies

California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk scoring model developed by Zesty.ai is expected to make …

Arizona Legislature Holding Special Wildfire Funding Session

The Arizona Legislature will convene in special session this week to consider adding $100 million in funding for fighting wildfires and to boost the amount of money available to clear hazardous brush and deal with the damage of flooding from …

Insurors Indemnity to Buy Colonial Lloyds, Expanding Residential Coverage

Waco, Texas-based Insurors Indemnity has signed a definitive agreement to purchase insurance carrier Colonial Lloyds, headquartered in Fort Worth, pending regulatory approval. Colonial Lloyds has been serving the Texas homeowners insurance market since 1981. Insurors Indemnity said it is positioned …

Close Calls in Colorado Spark Push for Wildfire Mitigation

As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango. When residents returned after the Valley Fire, they saw …

Former California Agent Arrested On 90 Counts of Insurance Fraud

Former insurance broker Karen Marie Dondanville, 53, of Mission Viejo, Calif., was arrested on 90 felony counts including grand theft, insurance fraud, financial elder abuse, and forgery for allegedly collecting premiums and failing to place insurance coverage for her customers …

Insurers Don’t Like New New Credit Scoring Ban in Washington, But Say They’ll Follow the Law

The American Property Casualty Insurance Association said it insurers will following the law where it concerns Washington Insurance Commissioner Mike Kreidler’s emergency regulation banning the use of credit-based insurance scores. Kreidler issued a reminder earlier this week that insurance companies …