losses News

$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. Catastrophe losses …

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 the Rocky Mountain …

California Draws $10M From Reserves to Remove Wildfire Debris

California Governor Jerry Brown last week directed $10 million from the state’s budget reserve to help pay for the removal of huge amounts of burned debris left in the wake of two massive wildfires, the administration said. In a letter to …

Obama Declares Major Disaster in California Wildfire

President Barack Obama declared a major disaster Tuesday in a Northern California wildfire that has destroyed at least 1,200 homes and killed at least three people. The declaration issued for the fire that broke out in Lake County 90 miles …

Californians Pushed by Wildfires into High-risk Insurance Market

There are lots of reasons people live in California’s Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, yet is just a 20 minute drive from larger Orange …