In the Western U.S. there are nearly 900,000 homes representing an estimated reconstruction cost of more than $237 billion considered at “very high” or “high” risk from wildfires, a report issued today shows. CoreLogic’s Wildfire Risk analysis is the latest …
As 2014 hurricane season ends the people of Texas can count themselves lucky to have dodged hurricanes for the past six years, which has been particularly good news for coastal residents. Despite the lack of hurricanes, Texas weather-related losses continue …
Earthquake risk in the San Francisco Bay Area is on the rise while earthquake insurance penetration statewide has dropped significantly since the Loma Prieta earthquake that rocked the Bay Area 25 years ago, causing nearly $6 billion in economic losses, …
Emerging data on last month’s 6.0 magnitude earthquake shows it directed most of its force north toward Napa and the Napa Valley, hitting hard enough to move one side of the West Napa Fault north by 18 inches (46 centimeters), …
Insured losses from the Aug. 24 earthquake that struck Napa, Calif. will not exceed $250 million, according to a risk management firm. Widespread damage was expected from the 6.0 magnitude event, but there wasn’t much business interruption as most area …
Insured losses stemming from two Hawaii hurricanes won’t break the bank, in large part because both storms diminished in intensity or avoided a direct hit. Fitch Ratings concluded in a review of the situation that outstanding catastrophe bonds including the …
The moderate earthquake that struck Southern California in spring did more damage than people may think – and a bigger quake on that fault could be more devastating than a “big one” on the region’s infamous San Andreas Fault, a …
United Fire Group Inc., based in Cedar Rapids, Iowa, announced that it expects its second quarter results to include pre-tax catastrophe losses, net of reinsurance, of approximately $20 million to $23 million from spring storms. “Over the last 10 years, …
International criminal enterprises follow the money, and a report says they are increasingly focusing on California because of its wealth and innovation. Aside from long-time trafficking in drugs, guns and people, the report by California Attorney General Kamala Harris says …
The insurance company that paid $2.4 million to cover losses from a wind farm fire in Hawaii is suing manufacturers that built parts of its battery system. The Honolulu Star-Advertiser reported Certain Underwriters at Lloyd’s London paid to cover losses …
