losses News

California’s Drought Is Over, but a New Report Shows Wildfire Risk is High for Millions

California’s drought-ridden feet aren’t out of the proverbial fire yet. This years’ powerful winter storms ended perpetual discourse about the state’s multiyear drought, but there are still 4.5 million homes at high or extreme risk of wildfire in California and …

Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.

Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British Insurers, the Met Office, and Boston, Mass.-based catastrophe modeler AIR Worldwide. The report shows that temperature increases …

Hailstorm Caused $4M in Damage to City in New Mexico

A small city in southeastern New Mexico is recovering after being hit with a strong hailstorm. The Hobbs News-Sun reported that Jal was struck this weekend with hailstones bigger than golf balls that caused an estimated $4 million in damage. …

$352.8M in Damage from July Hailstorm in Colorado

The July 28 hailstorm that hit Colorado Springs was the sixth-most damaging event in Colorado history. The Gazette reported that according to an insurance industry trade group the storm earned $352.8 million in claims for damage to homes and vehicles. …

Damage From Storm That Struck Colorado and Wyoming Exceeds $25M

A hail storm that struck northern Colorado and Wyoming in July has caused at least $25 million in damage to insured private property. The Greeley Tribune reported insurance professionals have deemed the July 29 storm catastrophic, which means the insured …

Wildfire Destroys More than 100 Homes in Northern California

A wildfire stuck a Northern California town still recovering from a massive fire nearly a year ago, destroying more than 100 homes and forcing thousands to flee, authorities said Monday. Gusts kicked up flames on Sunday and the fire tore …

Tourism Decline in California’s Scenic Big Sur Sparked by Wildfire

Lodge managers and cafe owners along California’s dramatic Big Sur coast were looking at a summer of jittery guests and cancelled bookings after fire officials warned that crews will likely be battling a wildfire raging in steep, forested ridges just …

Allstate Racks Up Big March Losses from Southwestern Hailstorms

The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the Southwestern and Southern U.S. …

Losses for Washington from Drought Estimated at $336M

Washington farmers have lost at least $336 million due to the ongoing drought, a figure that is likely to climb as more information becomes available. The Capital Press reported that a state Department of Agriculture report estimated dollar losses for …

Gains Made on Wyoming Wildfire That’s Destroyed Dozen-plus Structures

Wyoming State Forester Bill Crapser blames unseasonably dry weather with temperatures in the 70s and 80s for a destructive wildfire just outside Casper, which is practically unheard of at this time of year in the Cowboy State. Rainy weather helped …