California Wildfires News

RenaissanceRe Estimates Q3 Claims Costs of $155M from Natural Catastrophes

RenaissanceRe Holdings Ltd. announced it currently estimates that the cost of claims from third quarter 2018 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2018 results. The estimated losses for these …

Report Shows California Wildfires, Climate Change Altering Insurance Landscape

Insurers may be non-renewing more in wildfire-prone areas of California, sending an increasing number of people to the residual market or to surplus lines insurers. A report released on Monday shows that market shares of the FAIR Plan, the state’s …

Fires May Make It Harder for Homeowners to Get Insurance in California

California homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California Department of Insurance had already warned this year that the increasing number and severity of wildfires were making it harder …

Trump Team Blames California Wildfires on Environmentalists, Sparking Backlash

Scientists say California’s record wildfires have been fed by an abnormally hot and dry fire season made worse by climate change, but the Trump administration insists there’s another culprit: environmentalists and their policies. “Radical environmentalists” should shoulder some of the …

Wildfires in California Are Mostly Burning in Rural Areas

Dry, hot and windy conditions are threatening to expand California’s largest wildfires, which so far are burning in largely rural areas, muting their economic impact. The fires, which have killed 12 people and burned an area almost as big as …

Insurance Charity Responding to Historic California Wildfires

The insurance industry is responding to the massive blazes across California in a way that goes beyond merely paying claims. More than $30,000 has been collected within the last week to help victims of the dozens of wildfires raging across …

California Commissioner Asks Insurers to Help Speed Wildfire Recovery Efforts

California Insurance Commissioner Dave Jones announced on Wednesday he is taking actions he says will help protect thousands of wildfire survivors. His first action is a notice requesting insurers to expedite claims handling procedures for wildfire damage claims, including being …

Will California Wildfires Be Worse This Year?

As blame for California’s wildfires rises over Sacramento like smoke from last year’s blazes, the state is being forced to confront the possibility that it’ll happen again in 2018. California’s drought is worsening, and blazes have charred more acres in …

New, Old Wildfires Rage Amid California Heat Wave

Firefighters toiled in stifling heat Saturday on the lines of destructive wildfires across the U.S. West, making progress against some blazes while struggling to tame others that have forced evacuations of hundreds of homes. In heat-stricken Southern California, powerful winds …

California Commissioner Angry at Insurers for Altering Wildfire Bills

California Insurance Commissioner Dave Jones is irked that the insurance industry has worked to alter legislation he supports that he says is aimed at strengthening consumer protections for wildfire survivors. Senate Bill 894, authored by Senator Bill Dodd, D-Napa, is …