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Florida Braces for Potential Gulf Hurricane Strike This Week
Sep 23 2024 // The US Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms...
California’s Lara Orders 1-Year Moratorium for 750K Residents Following Wildfires
Sep 20 2024 // California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line...
Markets/Coverages: Mosaic Offers Syndicated Terrorism Cover for Fine Art & Specie
Sep 19 2024 // Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk. The...
Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes
Sep 18 2024 // Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model
Sep 17 2024 // California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation’s first public wildfire catastrophe model. The plan is for the group...
In The Line of Fire: Key Insights from the 2024 CoreLogic® Wildfire Risk Report
Sep 16 2024 // This post is part of a series sponsored by CoreLogic. August 8, 2024, marked one year since the Lahaina Fires in Maui, which scorched approximately 6,500 acres and destroyed over 2,200 structures, leaving the Lahaina...
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