losses News

California Commissioner Orders Another Insurance Cancellation Moratorium for Wildfire

California Insurance Commissioner Ricardo Lara on Thursday ordered insurance companies to preserve residential insurance coverage following Gov. Gavin Newsom’s latest wildfire emergency declarations. Lara’s order shields policyholders within the wildfire perimeter or in adjacent ZIP codes of the Mosquito and …

$3M Settlement for Utah Family of Autistic Boy Shot by Police

A Utah family has reached a $3 million settlement with Salt Lake City in a lawsuit filed after officers shot a 13-year-old boy with autism, leaving him badly wounded after responding to his mother’s 911 call for help when he …

Damage Assessments Begin in Flooded Alaska Villages

Authorities in Alaska were making contact this week with some of the most remote villages in the United States to determine their food and water needs, as well as assess the damage after a massive storm flooded communities on the …

Flood Waters Receding After Storm Batters Western Alaska

Floodwaters were receding in parts of western Alaska battered by the worst storm in a half century, leaving behind debris flung by powerful Bering Sea waves into beaches and seaside communities. The remnants of Typhoon Merbok were weakening as the …

Missing Woman Found After Southern California Mudslides

A woman who went missing after recent flash floods unleashed mudslides that swept through her town in the Southern California mountains has been found dead under a pile of mud, rocks and other debris, authorities said. Thunderstorms late Monday triggered …

Storm Battering Western Alaska Caused Widespread Flooding

A powerful storm sweeping north through the Bering Strait on Saturday caused widespread flooding in several western Alaska coastal communities, knocking out power and sending residents fleeing for higher ground. The force of the water moved some homes off their …

California Commissioner Orders Insurance Cancellation Moratorium for new Wildfire

California Insurance Commissioner Ricardo Lara on Friday ordered insurers to preserve residential insurance coverage following Gov. Gavin Newsom’s latest emergency declaration over as another major wildfire threatens Siskiyou County homeowners. Lara’s order shields properties within the perimeter or in adjacent …

California Cleaning up from Destructive Mudslides

Rescuers searched this week for a person missing in a mudslide that swept boulders down fire-scarred slopes and damaged or destroyed 30 homes in the Southern California mountains as firefighters in the northern part of the state tried to contain …

Fitch Rates California Earthquake Authority’s New Revenue Bonds ‘A-‘

Fitch Ratings assigned an ‘A-‘ rating to the $500 million revenue bond issuance by The California Earthquake Authority. According to the rating agency, the CEA’s ratings reflect a risk transfer strategy that will set its minimum and maximum aggregate claims-paying …

Montana’s Resilient Fishing Economy Tested by Climate Change

Montana’s fishing economy has proven resilient amid the impacts of drought, but a new study suggests that 35% of its cold water habitats could become unsuitable for trout by 2080, costing the state an estimated $192 million in annual revenue. …