California Wildfires News

California Wildfires Threaten Significant Losses for P/C Insurers, Moody’s Says

Moody’s released a report on Monday assessing the impact of the wildfires in California on property/casualty insurers. “Based on history and the number of structures damaged, insured losses will run into the billions of dollars, a credit negative,” the report …

PG&E’s Possible Liability in California Wildfires Targeted by Investigators

PG&E Corp. at the end of last week capped its worst week in nine years on speculation that downed power lines may have played a role in deadly wildfires raging across California. And the rout is far from over. After …

California Commissioner Asks Insurers to Expedite Claims to Aid Wildfire Victims

California Insurance Commissioner Dave Jones over the weekend issued a notice to insurers asking them to agree to expedited claims handling procedures for wildfire damage claims to help fire victims more quickly. Several insurers immediately agreed to the Jones’ request …

House Approves $36.5B Disaster Aid with Puerto Rico, Wildfires, Flood Insurance Funds

U The U.S. House of Representatives on Thursday approved $36.5 billion in emergency relief for hurricane-hit Puerto Rico and other areas that have suffered recent disasters. In addition to the U.S. territory of Puerto Rico, which is recovering from devastation …

Losses from California Wildfires Could Reach up to $6 Billion, Experts Say

This story has been updated with the latest estimates on fire losses. The wildfires raging in California are shaping up to become an infamous if not historic event. The fires have destroyed 3,500 structures and counting, far exceeding the 2,820 …

$36.5 Billion House Disaster Aid Bill Includes Funds for Puerto Rico, Wildfires, Flood Insurance

House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief requested by the Trump administration. With Congress under pressure to provide urgent help to storm victims in Texas, Florida and …

Cal Fire: California Wildfires Have Destroyed 3,500 Structures, Killed 17

Cal Fire is reporting that 17 people are confirmed to have died in the wildfires throughout the state this week and that at least 3,500 homes and commercial structures have been destroyed by the fast-moving blazes. “Overnight fire conditions were …

Progress Made on California Central Coast Wildfires

Firefighters made progress on trio of wildfires on California’s Central Coast. Santa Barbara County fire spokesman Mike Eliason said that a marine layer of cooler, wetter air helped fire crews contain 60 percent of 440-acre blaze over the weekend. About …

Air Guard Tankers Being Activated to Combat Western Wildfires

Air National Guard C-130s from Wyoming, Nevada and Colorado that are equipped to battle fires have been activated to fight wildfires in the Western U.S. The three large aircraft will be stationed in Fresno, Calif. Currently, the activation is scheduled …

California Blazes Among Numerous Wildfires in Western U.S.

Two major wildfires in California that have forced nearly 8,000 people out of their homes are among numerous fires in the Western U.S. that have barreled across the baking landscape, destroying property. About 4,000 people evacuated and another 7,400 were …