S&P Global Ratings expects both the primary insurers and reinsurers to be able to absorb losses from the California wildfires, limiting them to an earnings event. However, the mounting bills from more frequents large wildfires in the state against a …
California Insurance Commissioner Dave Jones on Thursday issued a notice to insurers requesting they agree to expediting claims handling for Camp and Woolsey wildfire survivors to help them begin the recovery and rebuilding process more quickly. The Camp Fire, the …
The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners insurance rates inch up in high risk areas, and carriers get more cautious about where they write in a state …
Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for ways to further protect homeowners. With another series …
A fire engulfed five floors of a San Francisco high-rise but authorities say nobody was hurt and the blaze was quickly doused. The Fire Department says the blaze hit the 25-story building in the Financial District Monday afternoon. Firefighter helped …
A survey of Big Island farmers has found that they suffered nearly $28 million in damages because of the months-long eruption earlier this year of the Kilauea volcano, the Hawaii Tribune Herald reported. The survey of 46 farmers by University …
New data shows the cost of fighting wildfires in Oregon reached an all-time high $514.6 million in 2018. According to data from Northwest Interagency Coordination Center, Oregon’s costs skyrocketed past last year’s record-setting total of $447 million. The Statesman Journal …
Washington’s Public Lands Commissioner wants lawmakers to increase the amount of money that the state spends to fight wildfires and prevent future blazes. Hilary Franz, who oversees the Department of Natural Resources, is asking the Legislature for $55 million for …
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. …
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 …
