homeowners insurance News

The Risky Economics of ‘Going Bare’ Without Homeowners Insurance

Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home insurance in the U.S. …

California Green City Backers Advance Landowner Legal Fight

A company that bought property for a group of tech billionaires trying to build a sustainable city in northern California won a ruling advancing its lawsuit that accused landowners in the project’s target area of a conspiracy to drive up …

Hawaii Says 30 Lahaina Fire Survivors Are Moving Into Housing Daily But 3K Still in Hotels

Hawaii Gov. Josh Green said some 3,000 people displaced by Lahaina’s wildfires are still living in hotels more than seven months after the August blaze but that up to 30 people are moving to longer-term housing each day. Green told …

Viewpoint: The Impact of Climate-Driven Risk Reassessments on the Housing Market

One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …

Maui’s Mayor Prioritizes Vows to Hire More Firefighters After Hawaii Wildfire

Maui’s mayor says he is prioritizing housing, evaluating evacuation routes and hiring more firefighters as his Hawaii community recovers from the deadliest U.S. wildfire in more than a century. Mayor Richard Bissen outlined the steps in emotional remarks more than …

Landslide Destroys Los Angeles Home, Threatening at Least 2 Others

A landslide reduced a Los Angeles house under renovation to a jumble of lumber, pulled the pool and deck away from a second home, and left the pool at a third residence on the edge of a huge fissure. The …

Texas Fires Have Emitted a Near-Record Amount of Carbon

Texas fires released roughly 3.4 million metric ton of carbon dioxide in January and February, according to a new analysis. In January, Texas fires pumped out 440,400 tons of CO2 emissions, according to Copernicus Atmosphere Monitoring Service data shared with …

Pacificorp Ordered to Pay Oregon Wildfire Victims Another $42M

A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on Labor Day 2020 — the latest verdict in litigation that is expected to see the electric utility on the hook …

Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims

Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim filing requirements for victims of last summer’s Spokane County wildfires. Insurance companies typically require policyholders to provide a full, itemized …

Hawaii State And County Officials Seeking $1B From Legislature for Maui Recovery

Hawaii state and county officials have requested about $1 billion from the Legislature to help cover Maui wildfire recovery expenses in the near term. Gov. Josh Green’s administration had budgeted $199 million for such expenses but are now expecting they …