Homeowners who lose their houses to wildfire will be able to use their insurance to rebuild somewhere else under an urgency bill signed by California Gov. Jerry Brown on Friday. Assembly Bill 1800, authored by by Assemblyman Marc Levine, D-San …
Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of …
Officials announced on Wednesday that the Mendocino Complex Fire, the largest wildfire in California’s history, is now 100 percent contained. The blaze burned a combined 459,123 acres, destroyed 280 structures including 157 residences, killed one firefighter and injured four others. …
Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill Specialty now offers homeowners, dwelling fire, manufactured housing and …
Texas Insurance Commissioner Kent Sullivan has approved a request by the Texas Fair Plan Association to raise rates and revise/implement various fees. The commissioner denied, however, the plan’s request to end premium discounts for electronic burglar alarms and automatic sprinkler …
Construction crews have already put up the frame on Cheri Sharp’s new house, but she still questions whether rebuilding was the right choice after California’s most destructive wildfire took her old home in wine country nearly a year ago. She’s …
Insurers may be non-renewing more in wildfire-prone areas of California, sending an increasing number of people to the residual market or to surplus lines insurers. A report released on Monday shows that market shares of the FAIR Plan, the state’s …
A new analysis shows 48,617 homes in Hawaii with a total reconstruction cost value of roughly $8 billion are at extreme-to-very high risk of hurricane-driven flood damage from Hurricane Lane. The CoreLogic analysis issued late Wednesday is based on National …
California’s Carr wildfire has the potential to yield losses of up to $1.5 billion, according to a Moody’s report issued on Thursday. The fire has ravaged parts of Shasta County in or near Redding in the Northern part of the …
As blame for California’s wildfires rises over Sacramento like smoke from last year’s blazes, the state is being forced to confront the possibility that it’ll happen again in 2018. California’s drought is worsening, and blazes have charred more acres in …
