losses News

AM Best Says Demand Surge and Inflation to Amplify Colorado Wildfire Losses

AM Best expects demand surge and rising inflationary pressures on building costs to add to overall loss estimates in the recent wildfires in Colorado. In a commentary AM Best notes that early industry estimates place losses in the late-December wildfires …

Colorado Wildfire Caused $513M in Damage, Officials Say

Last week’s Colorado wildfire caused at least $513 million in damage and destroyed nearly 1,100 homes and structures, officials as they updated the toll of property lost in the most destructive wildfire in state history. Boulder County released the new …

Destructive Winds Flipped Airplanes, Trucks Near Anchorage

Destructive winds battered an area just north of Anchorage, Alaska, on Monday, flipping small airplanes and semitrailers, forcing schools to close, leaving thousands without power and severely damaging a fast-food restaurant. Two shelters opened for people needing refuge from the …

Investigators Narrow Search for Origin of Massive Colorado Wildfire

Investigators looking for the cause of the Colorado wildfire that destroyed nearly 1,000 homes have narrowed their search to a sparsely populated neighborhood near Boulder where a passer-by captured video of a burning shed on the day the fire began, …

Oregon Fire Damaged More Than 20 Businesses

Authorities say a fire early Sunday in Hillsboro, Oregon, impacted about 20 to 25 businesses. Shortly after 3 a.m., Hillsboro firefighters responded to a commercial blaze inside the Weil Arcade building on East Main Street. Within half an hour, Hillsboro …

2 Still Missing in Colorado Wildfire; Cause Under Investigation

Search teams looked for two missing people in the smoldering debris from a massive Colorado wildfire while people who escaped the flames sorted through the charred remnants of their homes to find what was left. Investigators were still trying to …

Climate Change, New Construction Mean More Destructive Wildfires in West

The winter grassland fire that blew up along Colorado’s Front Range was rare, experts say, but similar events will be more common in the coming years as climate change warms the planet – sucking the moisture out of plants – …

Officials Probing Cause of Massive Colorado Fire

Investigators are still trying to determine what sparked a massive fire in a suburban area near Denver that burned neighborhoods to the ground and destroyed nearly 1,000 homes and other buildings. Three people are missing following the inferno that broke …

A Month After Washington Floods, Slow Return to Normal

Over a month has passed since flooding inundated northwest Washington’s Whatcom County that caused some $50 million in damage. As Roger De Bruin returned to his flood-damaged home in Sumas recently, the word devastation came to his mind, KING-TV reported. …

California DOI: Insurers Non-Renewed Fewer Homeowners in 2020, FAIR Plan Policies Increased

The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the statewide reduction in non-renewals, according to a …