California Wildfires News

Tougher Utility Rules Being Considered in Wake of California Wildfires

California utilities may face tougher safety rules for power lines, phone lines and utility poles in parts of the state most prone to wildfires. Under the proposed rules being considered by the California Public Utilities Commission, tree branches would have …

Winds Kick up Fire Threat from California Wildfires

Dry, gusting winds are aggravating fire worries across much of central and western California, including those areas where infernos are still raging and places that were scorched in October, the U.S. Storm Prediction Center said. Conditions through Sunday will be …

Farmers Reports $1.2B in Claims from Northern California Wildfires

Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 million, and …

FBI Keeping an Eye on Fraud in Northern California Fire Recovery

The FBI is joining efforts to prevent fraud related to Northern California wildfire recovery efforts. Nearly two dozen blazes ripped through the region in mid-October, destroying 8,800 structures and 245,000 acres of land. The FBI announced Wednesday it’s created a …

California Wildfire Claims Now Top $9.4B, Department of Insurance Says

California Commissioner Dave Jones announced on Wednesday that total of insured losses from the wildfires in California in October now top $9.4 billion in residential and commercial claims. The latest figure is near the upper end of estimates given so …

RenaissanceRe: $90M Estimated Net Negative Impact from California Wildfires

RenaissanceRe Holdings Ltd. said it estimates that losses from the October 2017 California Wildfires will have a net negative impact of $90 million on its fourth quarter 2017 results of operations. The October 2017 California Wildfires caused widespread damage to …

California Seeking $4.4B in Federal Aid for Wildfires

California’s 53 U.S. House members are requesting $4.4 billion in federal aid to help the state recover from its deadliest wildfires ever. That’s down sharply from the $7.4 billion originally sought by Gov. Jerry Brown and California Democrats last month. …

Fallout for PG&E from California Wildfire Could Have Been Limited by Vote

California regulators rejected a request by a San Diego utility to bill customers for a decade-old wildfire, even as they made clear their decision shouldn’t necessarily be seen as a precedent for last month’s deadly fires in wine country. San …

California Policyholders Have 24 Months to Collect Wildfire Insurance Money

California’s insurance commissioner says homeowners who lost their homes in last month’s wildfires in Northern California have up to 24 months to collect insurance payments. Dave Jones said this week some out-of-state insurance adjusters brought in by companies to help …

California Fires Will Add to 2017 Insurer Catastrophe Losses, Fitch Says

No U.S. reinsurance companies in Fitch Rating’s rated universe are expected to be downgraded as a result of losses from the California wildfires alone, but for a number of companies the impact of wildfire losses adds to substantial catastrophe losses …