risk News

Wildfire Report Shows 2 Million California Homes at Risk as Drought Continues

A report issued today shows California has more than 2 million homes at “high” or “extreme” wildfire risk, as the multi-year drought continues stoke fears among some experts of a potentially devastating wildfire season. Verisk Insurance Solutions released its 2015 …

Report: 4.5 Million Homes in 13 States at Extreme Wildfire Risk

A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one of the most devastating …

Report: More Than 6.6M Atlantic and Gulf Coast Homes at Risk of Storm Surge

More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to a report released today. Property analytics and data …

Indiana City Moves to Reduce Liability at Popular Sledding Spot

A central Indiana city is taking steps to reduce its liability from a popular winter activity. Muncie’s parks department has placed bales of straw around trees at the bottom of a popular sledding hill in McCulloch Park. The department also …

Climate Change in 2015 Could be Bigger Than Religion – or Selfie

The phrase “climate change” yields roughly 108 million results in a Google search – in the ballpark in terms of numbers of results with “Jesus Christ,” “Mohamed” and “selfie” – and you can expect the phrase to become an even …

Immigrants Get Warning On California Driver’s Licenses

While tens of thousands of immigrants living in the United States illegally are preparing to apply for a long-sought driver’s license in California starting Jan. 2, others are being urged to think twice. Immigrant advocates say the vast majority should …

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this week …

New Mexico Water Supplies at Risk, Task Force Says

Researchers from universities around the state say New Mexico is undoubtedly dealing with a dire situation thanks to a persistent drought and there’s no telling when conditions will improve. The task force of experts on Tuesday delivered their preliminary findings …

Experts: Eastern Colorado Wildfires Likely to Start on Private Lands

Fires ignited on private lands pose the most significant wildfire threats to populated areas on the eastern-facing range of the Colorado Rocky Mountains, according to risk analysts who used extensive evidence regarding a combination of forest and vegetation types, wind …

High Net Worth Carrier PURE Enters California

Call it a little luck or good timing – maybe a bit of both– but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when …