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The 2023 Hurricane Season: Are Insurers Prepared for the Growing Risks?
Jun 2 2023 // This post is part of a series sponsored by CoreLogic. As the 2023 Hurricane Season approaches, it is crucial for coastal and inland communities alike to understand and prepare for the potential risks associated with...
Judge Dismisses Criminal Charges Against PG&E Energy in Fatal California Wildfire
Jun 2 2023 // A California judge dismissed all charges against Pacific Gas & Electric in connection to a 2020 fatal wildfire sparked by its equipment that destroyed hundreds of homes and killed four people, including an...
New Models Aim to Better Predict Storm Surge, Insured Losses From Hurricanes
Jun 2 2023 // Two new hurricane forecast models promise to help property owners and insurers better predict the losses from storms that may be increasing in intensity as ocean waters continue to warm. The National Hurricane Center...
Climate Change, Wildfire Risk and State Farm’s California Decision
Jun 1 2023 // Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance...
About 33 Million U.S. Homes at Risk of Hurricane-Force Winds: CoreLogic
Jun 1 2023 // According to an analysis by CoreLogic, about 33 million U.S. homes with a combined reconstruction cost value of $11.6 trillion are at risk of hurricane-force winds. CoreLogic released its 2023 Hurricane Risk Report to mark...
Wildfire on Canada’s Atlantic Coast Prompts Evacuation of 16,000, Damages Properties
Jun 1 2023 // A wildfire on Canada’s Atlantic coast has damaged about 200 houses and other structures and prompted the evacuation of 16,000 people, many of whom were eager to return Tuesday to see whether homes and pets had...
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