risk News

Feds Will Use Fires to Lower Washington Wildfire Risks

To reduce the risks of wildfires, federal officials this spring are planning to conduct controlled burns on more than 9,000 acres of land in Washington state forests. The Seattle Times reported the fires planned in the Okanogan-Wenatchee National Forest is …

CoreLogic: $13.3B in Reconstruction at Risk in Northern California Dam Failure

Roughly 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value of $13.3 billion if the Oroville Dam in California were to fail completely, according to new data analysis from CoreLogic that included the six …

Schwarzenegger Discusses Risk at California Insurance Forum

It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them does. Actor Arnold Schwarzenegger on Monday …

Fire-Damaged Oregon Forests Vulnerable to Landslides: Scientists

Scientists say the fire-damaged forests are more susceptible to landslides, and another week of rain and snow could heighten that risk for eastern Oregon. The East Oregonian reported that wildfires have stripped away water-soaking vegetation in areas like Canyon Creek, …

What’s (Bad) Luck Got to do With It: Is Risk the Enemy?

Today is Friday the 13th! Not that I have paraskevidekatriaphobia, but a lot of people do – so much so that they are convinced something bad is going to happen today, just because it is the 13th and it happens …

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 …

Flood Zone Expansion Could Raise Insurance Costs for Some Coloradans

New research shows floods like the one that ransacked northern Colorado two years ago, killing 10 people, might be more common than previously thought _ and that could require more homeowners to get flood insurance and trigger more stringent construction …

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 …