losses News

Viewpoint: Reinsurance Solution Would Help Homeowners Exposed to Wildfires Face the Challenge

Wildfire has become an increasingly challenging threat in many Western States. With an ever-increasing frequency and intensity, this continues to pose a serious threat to lives and properties across the exposed area. Wildfires are occurring earlier in the season and …

Hawaii Electric’s Insurance is Fraction of Potential Fire Claims

Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds in the face of potentially billions of dollars in damage claims. Hawaiian Electric has $165 million in annual general liability …

Louisiana Citrus Farmers Seeing a Mass Influx of Salt Water

Commercial citrus growers have dwindled over the past few decades in south Louisiana, where farmers have had to battle hurricanes, flooding, invasive insects, freezes and drought to keep their groves alive. The latest hurdle comes from a slow-moving threat, a …

Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires

Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris removal. Speeding up the process will help assure people …

Residents Prepare to Return to Sites Of Homes Demolished In Lahaina Wildfire

From just outside the burn zone in Lahaina, Jes Claydon can see the ruins of the rental home where she lived for 13 years and raised three children. Little remains recognizable beyond the jars of sea glass that stood outside …

Family Files Suit in New Mexico over Man Fatally Shot by Police at Wrong Address

The family of a man shot and killed by police in New Mexico after they responded to the wrong address is suing the city and three officers. The lawsuit filed in U.S. District Court alleges Robert Dotson and his family …

Thieves Swarm Luxury Malls in Southern California and Other Areas, Driving Retail Crime to $100B

It took just minutes for more than 20 thieves, clad in hoods and masks, to swarm the Nordstrom store in the Westfield Topanga shopping center and make off with $300,000 of handbags and other luxury items. A security guard was …

California Regulators Propose Higher Rates for PG&E Customers to Reduce Wildfire Risk

Power bills for about 16 million people in Northern California will likely increase after state regulators released two rate proposals for one of the nation`s largest utilities. The California Public Utilities Commission is finishing up its once-every-four- years review of …

Most Of West Maui Will Welcome Back Visitors Next Month

Most of West Maui will officially reopen to travelers Oct. 8 under a new wildfire emergency proclamation signed last week by Hawaii Gov. Josh Green. Nonessential travel to much of the island`s western coastline has been strongly discouraged since devastating …

Maui Wildfires Portend Unprecedented Shift in What It Means to Mitigate Risk

The Maui wildfires portend a grand and incalculable reality for every single one of us living on this spinning blue globe we call Earth. Understanding the risks associated with where we live, work and play may be reaching a tipping …